Broadband Equity, Access, and Deployment (BEAD) Program

Western Governors encourage Congress and federal agencies to recognize that the current definition of broadband – 25/3 Mbps – does not correspond with the requisite download and upload speeds necessary to support many business, education, and health care applications that promote economic and community prosperity.

When Aaron Wheeler, Washington state broadband office director joined the office, he inherited a process and plans put in place by retiring broadband director Mark Vasconi, and he’s not about to slow the state’s Broadband Equity, Access, and Deployment (BEAD) process down. While some states are more deliberate and trying to slow down the process of Volume 2 approval to delay the 365-day “shot clock” kicking in, Wheeler explain

Michael Baker International announced that the firm was recently selected by the Arkansas State Broadband Office (ASBO) to provide broadband grant administration systems and services. The firm will partner with ASBO to supply services for managing and administering public funding sources—including the National Telecommunications and Information Administration (NTIA) Broadband Equity, Access and Deployment (BEAD), U.S.

On May 21, Shirley Bloomfield, CEO of NTCA—The Rural Broadband Association, sent a letter on behalf of the organization to National Telecommunications and Information Association (NTIA) Assistant Secretary Alan Davidson. The letter followed up on a discussion about the implementation of the Broadband, Equity, Access, and Deployment (BEAD) program.

Recognizing the critical importance of equitable broadband access, the Broadband Equity Access & Deployment (BEAD) program aims to expand connectivity, particularly in multi-family residential buildings.

Digital connectivity is important for everyone to gain access to productivity and life-improving technologies. As we march into the era of generative artificial intelligence and the acceleration of fintech for businesses and personal banking, digital inclusion (DI) becomes an increasingly important topic for community development and economic inclusion.

John Greene, former CEO of New Lisbon Holdings, said, “Who would have ever thought we’d see private equity filter into rural areas and small companies?” Rural broadband is very expensive to build. That’s why the Broadband Equity, Access and Deployment (BEAD) program is designed to subsidize the gap where it otherwise doesn’t make financial sense for private companies to build. Panelists at the Connect(X) show noted that one of the main competitors in some rural areas is the local electric co-op. Greene said rural electric co-ops “are going to be a force to be reckoned with.

An appealing way to finance fiber builds is through asset-backed securities (ABS). However, this is only available to established companies that actually have fiber assets, which they can leverage to secure a lower cost of debt. It’s not something available to new entrants in the fiber space. Since the introduction of the Broadband Equity Access and Deployment (BEAD) program, many private equity (PE) investors have entered the fiber market.

Lawmakers are butting heads over a provision within the Broadband Equity Access and Deployment (BEAD) program that allows states to require low-cost service options from participating service providers. Democrats are calling it an affordability policy. Republicans say it's heavy-handed government regulation. As part of the BEAD planning process, the National Telecommunications and Information Administration (NTIA) is considering each state’s definition of a low-cost option, provided that it meets the standards laid out in the program’s statute.

Evan Feinman, director for the Broadband Equity, Access and Deployment (BEAD) program with the National Telecommunications and Information Administration, provided an update on the program. All states have submitted their Volume 1 proposals to NTIA, and Feinman said that nearly all Volume 1 proposals are approved. A check of NTIA’s Progress Dashboard today shows that only Florida, Maryland and Minnesota have yet to have their Volume 1s approved.