Treasury Department Announces Approval of Federal Funds to Connect Tens of Thousands of Homes and Businesses in New York to Affordable, High-Speed Internet

The US Department of the Treasury announced the approval of more than $228 million for high-speed internet projects in New York under the American Rescue Plan’s Capital Projects Fund (CPF), which the state estimates will connect tens of thousands of homes and businesses to affordable, high-speed internet. A key priority of the CPF program is making funding available for broadband infrastructure to expand economic opportunities and provide high-speed internet connectivity in underserved communities, including rural, Tribal, and other underserved communities. The award will fund New York’s Municipal Infrastructure Program (MIP), a competitive grant program designed to fund local governments and internet service providers to build last-mile broadband infrastructure to tens of thousands of locations. The MIP will prioritize eligible applicants based on several categories including experience, cost, project readiness, broadband service quality, and digital equity impact.