Obama administration poised to release more funds for rural broadband deployments

The Obama administration is looking to issue $400 million in loans to entities willing to roll out broadband services in rural areas.

Secretary of Agriculture Tom Vilsack, and his head of the Rural Utilities Service Jonathan Adelstein, are now working to issue the new funding now that six months have passed since RUS issued the last of its broadband stimulus awards. The funding, however, would only be in the form of loans, not grants.

According to a press release issued by Vilsack's office last week, the funding notice for the broadband loans "is being issued prior to passage of the final appropriations act to allow potential applicants time to submit proposals and give the agency time to process applications within the current fiscal year. Upon completion of a 2011 Appropriations Act, RUS will publish a subsequent notice identifying the amount of funding available for broadband loans."

The loans will come with new rules than what were instituted during the broadband stimulus awards. Proposals that include higher broadband data speeds will receive competitive incentives. In addition, the proposed service areas of applicants cannot be adjacent to urban areas with populations greater than 500,000.

For more:
- see this Stimulatingbroadband.com article

Related articles:
RUS, NTIA dole out more broadband stimulus awards
KeyOn's broadband stimulus apps rejected, stock tanks
USDA rescinds broadband stimulus award to Texas firm charged with securities violations
TDS Telecom wins $114.5 million in broadband stimulus funding 
NTIA: Second-round broadband stimulus applications total $11B
MBC, Old Dominion University win $10 million broadband stimulus grant

Suggested Articles

Skeptics say the risk of a network outage is too high to make 5G remote surgery possible but 5G experts say it’s not as farfetched as it sounds.

Celona is jumping head first into the CBRS arena, targeting enterprises that want a private LTE or 5G network.

One of the players in CBRS that hasn’t been making a lot of noise about its role as a SAS provider—until now—is Amdocs, which once was known for its wireless…