Telecoms awarded stimulus funding for broadband projects
Published: August 5,2010
ACROSS MISSISSIPPI — Agriculture Secretary Tom Vilsack announced the funding of 126 new Recovery Act broadband infrastructure projects aimed at creating jobs and providing rural residents in 38 states and Native American tribal areas access to improved service.
This announcement is part of the second round of USDA broadband funding through the Recovery Act.
In all, $1.2 billion will be invested in the 126 broadband infrastructure projects through funding made available through the Recovery Act. An additional $117 million in private investment will be leveraged, bringing the total funds invested to $1.31 billion.
By leveraging Recovery Act funding authorized by Congress, USDA has been able to provide loans and grants of $2.65 billion to construct 231 broadband projects in 45 states and one territory. The remaining authorized funds will allow an additional $1 billion in loans and grants by Sept. 30. The Recovery Act provided USDA with a total of $2.5 billion to invest in expanding broadband access to rural America.
Funding is contingent upon the recipient meeting the terms of the loan, grant or loan/grant agreement.
Three companies in Mississippi received awards. They are:
• Southeast Mississippi Telephone Company in Leakesville was awarded approximately $1.875 million. With an additional $625,000 of outside capital, the company will bring high-speed DSL broadband service to unserved establishments within its rural service territory. According to the USDA, Southeast Mississippi Telephone’s project stands to benefit approximately 1,428 people, 12 businesses and five other community institutions.
• Calhoun City Telephone Company Inc. was awarded approximately $2.962 million. With an additional $987,000, the company will bring high-speed DSL broadband service to unserved establishments within its rural service territory. According to the USDA, Calhoun City Telephone’s project stands to benefit approximately 1,300 people, 25 businesses and eight community institutions.
• Windstream Corporation, based in Little Rock, Ark., was awarded approximately $1 million. With an additional $335,189, Windstream will extend its broadband network to provide broadband to many currently unserved homes and businesses. According to the USDA, Windstream’s project stands to benefit approximately 2,750 people, 25 businesses and five other community institutions.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Telecoms awarded stimulus funding for broadband projects”
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Miss. surgeon sentenced in tax evasion case
- Shale oil: market correction or longterm direction?
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Hyatt-Place is Columbus’ newest hotel option
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Two new casinos like the odds on Mississippi Gulf Coast
- Williams Brothers General Store is something to count on