Two Entities Win Funding in Innovative Colorado Broadband Deployment Program

Two entities—Maverix Broadband and the Southern Colorado Economic Development District—have won over $750,000 for rural broadband buildouts through an innovative Colorado program. The program, known as the Location Modification Program, followed awards made in the state’s Advance Colorado Broadband Grant Program, which was funded through the federal Capital Projects Fund. A total of more than $113.5 million was tentatively awarded through that program in January. Applicants sought funding to serve locations not served by previous applicants and near initial awarded areas. Maverix Broadband and the Southern Colorado Economic Development District were the only applicants in the follow-on program. Both winners will contribute matching funds to the projects to cover at least 25% of the total cost of the deployments. Matching funds also were a requirement in the initial CPF program.