Treasury Department Announces Approval of Federal Funds to Connect 20,000 Oklahoma Homes and Businesses

The Department of the Treasury approved $167.7 million for high-speed internet projects in Oklahoma under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF), which the state estimates will connect approximately 20,000 homes and businesses to affordable, high-speed internet. Oklahoma is approved to receive funds for broadband infrastructure projects. The state’s allocation will fund the Oklahoma Broadband Infrastructure Grants (OBIG) Program, a competitive grant program designed to reduce the financial barriers for internet service providers to build out broadband infrastructure in areas of the state where infrastructure investment has historically been cost-prohibitive due to population density and geographic constraints. As reported by Oklahoma, estimates show that investments made using the CPF will serve approximately 13% of locations still lacking high-speed internet access in the state. The plan approved by the Treasury Department represents 100% of the state’s total allocation under the CPF program.