Capital Projects Fund approves infrastructure applications worth $1 billion
The Department of the Treasury has approved broadband project proposals submitted by Florida, Georgia, Iowa, Minnesota, Missouri, and Utah. These states will receive a total of $1 billion in combined grants to install affordable high-speed internet for public use. The Capital Projects Fund has allocated a total of $10 billion toward the goal of updating America’s internet, and the addition of these states means that a total of 22 state proposals have been approved by the Treasury Department thus far.
“The pandemic upended life as we knew it—and exposed the stark inequity in access to affordable and reliable high-speed internet in communities across the country in rural, Tribal, and other underrepresented communities,” said Deputy Secretary Wally Adeyemo. “This funding will lay the foundation… to increase access to high-speed internet and reduce internet bills for American households and businesses.”
As the Lord Leads, Pray with Us…
- For Deputy Secretary Adeyemo as he oversees the awarding of funds for high-speed internet upgrades.
- For Treasury officials as they support the improvements of infrastructure.
- For wisdom for the leaders of states, counties, and communities as they apply the internet funding.
Sources: Treasury Department
