$10 billion fund begins giving US states cash for broadband expansions

A pile of money with $20, $50, and $100 bills.

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The US Treasury Division has began approving broadband grants to states from a $10 billion fund created to increase entry to Web service and different digital connectivity instruments.

The Treasury Division’s announcement on Tuesday stated the primary authorised tasks would “join over 200,000 properties and companies to reasonably priced, dependable, high-speed Web” in Louisiana, New Hampshire, Virginia, and West Virginia. The funded networks will present symmetrical service with obtain and add speeds of no less than 100Mbps, the division stated.

The 4 states are getting a mixed $583 million from the $10 billion Coronavirus Capital Tasks Fund (CPF), which Congress handed in March 2021 as a part of the American Rescue Plan Act. “Treasury designed its steerage to prioritize connecting households and companies with poor and insufficient service—significantly these in rural and distant areas. Treasury additionally requires states to elucidate why communities they’ve recognized to be served with funds from the CPF have a important want for these tasks,” the division stated.

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