Treasury Ready to Send Billions to States for Broadband Projects

This week, the Department of the Treasury released guidance for the Coronavirus Capital Projects Fund program established by the American Rescue Plan Act of 2021. The program allocates $10 billion for eligible governments to carry out critical capital projects that directly enable work, education, and health monitoring, including remote options. Projects eligible for funding must be designed to address a critical need that results from, or was made apparent or exacerbated by, the COVID-19 public health emergency. A key priority of this program is to make funds available to recipients that would like to make investments in high-quality, affordable broadband infrastructure and other digital connectivity technologies.