Virginia Gov Northam Announces $2 Billion Public-Private Broadband Investment

Governor Ralph Northam (D-VA) announced that Virginia has received a record number of local and private sector applications to match state broadband investments, putting the Commonwealth on track to become one of the first states to achieve universal broadband access by 2024. Virginia anticipates more than $2 billion in total broadband funding, thanks to local and private sector matching funds that go beyond the $874 million in state appropriations since the Governor took office in 2018. The Virginia Telecommunication Initiative is the Commonwealth’s broadband program. It was started in 2017 to fund public-private partnerships to extend broadband service to areas unserved by an internet service provider. When the most recent application round closed last month, the program received 57 applications from 84 localities, requesting $943 million to connect more than 250,000 Virginia homes and businesses. These applications leverage $1.15 billion in private and local matching funds. The Department of Housing and Community Development is reviewing applications and expects to award the funds by the end of 2021.