RUS Awards $310 Million in Broadband Stimulus Funds, 8% of Program Now Committed

by Bernie Arnason

ARRA LogoBroadband stimulus activity is starting to build some momentum. On the heels of last week’s NTIA announcement of broadband stimulus funding, the RUS announced fourteen applicants will receive $310 million in funding. Broadband projects in eleven states will receive funding.

The funding is dominated by last mile projects and heavily emphasizes FTTH technology. “The awards for these broadband projects will support anchor institutions – such as libraries, public buildings and community centers – that are necessary for the viability of rural communities,” said Agriculture Secretary Tom Vilsack.

By our count, approximately $564 million in funding has been awarded by both the BTOP ($200 million) and BIP ($364 million) programs to date. This announced funding represents only about 8% of the total $7.2 billion program. Given all the funds need to be committed by September 2010, roughly 8 months from now, look for a flurry of activity in the coming weeks and months.

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