Department of the Treasury

Treasury Department Announces Approval of Federal Funding to Connect 127,000 California Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda

Treasury approved $540.2 million for high-speed internet projects in California under the American Rescue Plan’s Capital Projects Fund (CPF)—the largest single-infusion of broadband funding to a state under CPF. California will use its funding to connect approximately 127,000 homes and businesses to affordable, high-speed internet. California’s Last Mile Broadband Expansion grant program is a new competitive grant program designed to provide internet access to areas of the state currently lacking access to reliable broadband at speeds of 25/3 Mbps.

Treasury Department Announces New York’s Capital Projects Fund Award

The US Department of the Treasury announced the approval of high-speed internet projects in New York under the American Rescue Plan’s (ARPA) Capital Projects Fund (CPF). The state will use its funding to connect nearly 100,000 low-income housing units to affordable, high-speed internet.

Proposed Supplementary Broadband Guidance

As provided for in each Coronavirus State and Local Fiscal Recovery Funds (SLFRF) and Capital Projects Fund (CPF) award agreement, the Uniform Guidance applies to all uses of funds made available under those awards unless provided otherwise by the US Department of the Treasury. In response to questions from recipients and internet service providers, Treasury is proposing to issue the following guidance regarding the application of the Uniform Guidance to broadband infrastructure projects.

American Rescue Plan Two Years In

The American Rescue Plan has helped to power one of the strongest and most equitable recoveries on record while making investments which position our nation for economic success in the coming decades. Over 30,000 state, local, Tribal, and territorial governments have received State and Local Fiscal Recovery Funds and made $24.3 billion in critical infrastructure investments in broadband, water, and sewer. Governments have reported budgeting nearly $7.3 billion in SLFRF funds towards broadband.

Treasury Announces American Rescue Plan Funds to Connect Over 31,000 in South Carolina

The US Department of the Treasury announced the approval of broadband projects in South Carolina under the Capital Projects Fund (CPF) in the American Rescue Plan Act (ARPA). The state estimates it will use its funding to connect over 31,000 homes and businesses to affordable, high-speed internet—representing 23% of locations still lacking high-speed internet access..

Treasury Announces Three Additional Capital Projects Fund Awards, Connecting Nearly 190,000 Homes and Businesses to Affordable, High-Speed Internet

The US Department of the Treasury announced the approval of high-speed internet projects in three additional states under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF): Arizona, Tennessee, and Wyoming. Together, these states will use their funding to connect nearly 190,000 homes and businesses to affordable, high-speed internet.

State and Local Fiscal Recovery Funds Helping Communities Recover from the Pandemic

The State and Local Fiscal Recovery Funds (SLFRF) provided under President Biden’s American Rescue Plan Act continue to play a crucial role in allowing county governments to stabilize their budgets, respond to the pandemic, and invest in their communities.

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

The US Department of the Treasury announced the approval of broadband projects in four additional states under the American Rescue Plan’s Capital Projects Fund in President Biden’s American Rescue Plan: Alabama, Kentucky, Nevada, and Texas. Together, these states will use their funding to connect over 292,000 homes and businesses to affordable, high-speed internet.