USDA Will Hit Deadline For Broadband Grants/Loans

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The USDA has yet to hand out all of its broadband
stimulus money, but will meet the Sept. 30 deadline, according to a
spokesman for the Rural Utilities Service (RUS).

RUS is handing out $2.5 billion in grants and
loans for rural broadband in unserved and underserved areas. It has so far
handed out $3.6 billion worth of buying power (counting investments leveraged
by the loans) to 307 projects.

The National Telecommunications & InformationAdministration Monday finished allocating its portion of the original$7.2 billion in funds.

John Eggerton
John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.