Thursday, December 17, 2009

Obama Administration Begins Broadband Stimulus Investments 11/17/09 San Francisco - The Obama Administration this morning will announce the award of broadband stimulus grant and loan funding for 18 projects budgeted at a total of $229 million, including local match funds. Federal stimulus funds equal $182 million within this larger project total. yesterday broke the project award announcement story nationally, based on our sources within government and industry in Georgia, where Vice President Joseph R. Biden will this morning announce details of all 18 projects. The Vice President's prepared remarks have not been released by the White House as of this posting. We will carry them here as soon as they are issued.

The 18 projects, spread across 17 states, and all funded by Round I of the total $7.2 billion broadband stimulus program within the Recovery Act (ARRA), will be announced in 2 other separate venues by Administration officials, and in a series of previously embargoed documents slated to begin being released now, at 6:00 AM (ET) today. Agriculture Secretary Tom Vilsack will announce grant and loan awards at a press event in Ohio, while Commerce Secretary Gary Locke will to the same at a scheduled stop in Maine.

The Broadband Technology Opportunities Program (BTOP) of the National Telecommunications and Information Administration (NTIA) will fund 10 of the announced projects valued at total project costs of $163 million, with $129 million in federal funds. The Broadband Initiatives Program (BIP) of the Rural Utilities Service (RUS) will fund 8 programs with total project costs of $66 million, leveraging $53.178 million of federal stimulus monies.

Of the 18 projects to be announced this morning, 7 are highlighted in a 16 page report (below) issued yesterday by the National Economic Council of the Executive Office of the President. The report, described in a telephone conference of yesterday was embargoed until this morning.

Topic Resources at StimulatingBroadband on Scribd:

1. Folder: Awards of 12-17-2009

2. Press Release: "Background on the Vice President's Recovery Act Announcement"

3. Executive Office of the President: "Recovery Act Investments in Broadband"

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