Department of the Treasury
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Treasury Department Announces Approval of Federal Funds to Connect Over 17,000 Oregonians
The Department of the Treasury approved $156.7 million for high-speed internet projects in Oregon under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF). Oregon is approved to receive $149 million for broadband infrastructure projects, which the state estimates will connect approximately 17,195 homes and businesses to affordable, high-speed internet.
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Treasury Seeks Comment on New Rules for Coronavirus Fiscal Recovery Funds
The Secretary of the Treasury issued an interim final rule to implement the amendments made by the Consolidated Appropriations Act, 2023 with respect to the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act. Since the launch of the SLFRF program, Treasury has disbursed 99.99 percent of SLFRF funds to approximately 30,000 state, local, and ribal governments, and these recipients have moved swiftly to deploy this funding in their communities.
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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.
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Treasury Department Announces Approval of Federal Funds to Help Close Digital Divide in Puerto Rico as Part of President Biden’s Investing in America Agenda
The Department of the Treasury approved $158 million in federal funds for broadband infrastructure and multi-purpose community facility projects in Puerto Rico under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF). Puerto Rico is approved to receive $85.7 million to improve the resiliency, reliability, and speed of the island’s high-speed inte
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Treasury Department Announces Approval of Federal Funds to Connect Tens of Thousands of Ohioans
The US Department of the Treasury approved $162.5 million in federal funds for broadband infrastructure and multi-purpose community facility projects in Ohio under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF).
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State and Local Fiscal Recovery Funds: A Catalyst for Innovation, Equity, and Resilience in Communities
The State and Local Fiscal Recovery Funds (SLFRF) program established by the American Rescue Plan Act (ARPA) continues to deliver critical financial support to communities across the country recovering from the COVID-19 pandemic. The SLFRF program is stimulating investments in strengthening the country’s internet infrastructure by funding upgrades—such as laying fiber backbone, completing last-mile connections, and prioritizing equitable access. These crucial investments provide residents with access to education, health care, government services, and economic opportunity.
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Treasury Department Announces Approval of Federal Funds to Connect 33,000 in Washington State
The US Department of the Treasury approved $195.7 million for high-speed internet projects in Washington state from the Capital Projects Fund (CPF).
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Treasury Department Announces Awards in Montana and North Dakota to Expand Connectivity
The US Department of the Treasury approved $119.9 million in federal funds for broadband infrastructure projects in Montana and $68.3 million for multi-purpose community facility projects in North Dakota under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF):
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One Year In: Treasury Department’s Capital Projects Fund Connecting Nearly Two Million Families and Businesses
One year after announcing the first awards under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF) in 2022, the US Department of the Treasury has awarded approximately $6.7 billion for broadband, digital technology, and multi-purpose community center projects in 42 states, which those states estimate will reach more than 1.88 million businesses, homes and other locations. These ARPA dollars are working in tandem with the In
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Treasury Department Approves of Federal Funds to Connect Over 47,300 Mississippians
The US Department of the Treasury approved the use of $151.5 million for high-speed internet projects in Mississippi under the American Rescue Plan Act (ARPA) Capital Projects Fund (CPF). Mississippi is approved to receive $151.5 million for broadband infrastructure projects, which the state estimates will connect approximately 47,300 homes and businesses to affordable, high-speed internet.