Treasury Announces Two Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet

The US Department of the Treasury approved broadband projects in two additional states under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF): Colorado and New Mexico. Together, these states will use their funding to connect nearly 60,000 homes and businesses to affordable, high-speed internet. A key priority of the CPF program is to make funding available for reliable, affordable broadband infrastructure. In accordance with Treasury’s guidance, each state’s plan requires service providers to participate in the Federal Communications Commission’s new Affordable Connectivity Program. (ACP). Colorado is approved to receive $170.8 million for broadband infrastructure, which the state estimates will connect 18,000 households and businesses – representing approximately 15% of locations still lacking high-speed internet access. New Mexico is approved to receive $117 million for broadband infrastructure, which the state estimates will connect an estimated 40,611 households and businesses – representing 21% of locations still lacking high-speed internet access.