Friday, May 22, 2009

Broadband stimulus fund timetable - First stimulus funds available Q4 2009 - dslreports.com

May 22, 2009

The Recovery.gov website indicates that Uncle Sam has moved the timeline for broadband stimulus funds forward somewhat, though the first set of grants will be doled out early during the fourth quarter, and all of the awarded money to be delivered by September 2010. The NTIA will dole out $4.5 billion in government funds to help deliver broadband into under or unserved areas. Another $2.5 billion will be handed out by the Department of Agriculture's Rural Utilities Service (RUS) grant program, which for some time has been tasked with giving loans to markets where 75% of the area is rural without sufficient broadband access...