Friday, August 28, 2009

Applications outnumber broadband stimulus funds 7:1

Broadband stimulus applications outnumber funds available in the first round by about an order of magnitude, an analysis by USA Today finds.

The federal government has received more than 2,200 applications, totaling $28 billion, in a funding round of $4 billion. Since applications can run as long as 500 pages each, it will take some time simply to read each of the applications, which raises doubt about the goal of getting the first projects funded in about two weeks...