State wide rural broadband initiative launched in Michigan

In response to Governor Jennifer M. Granholm’s charge to expand affordable broadband access throughout the state by 2007, the Michigan Broadband Development Authority (MBDA) today announced they are seeking financing applications to expand such services into the state’s most rural and underserved regions.

In eligible regions, qualifying broadband providers may receive 4 percent loans with interest-only draw periods of up to 24 months. Providers will work with local government and economic development organizations to qualify their proposals.

“Making affordable broadband access available to residents, public entities, and businesses across the state will make Michigan more competitive in today’s 21st century economy,” Granholm said. “This targeted effort will help us to accomplish our goal of expanding these services to the entire state by 2007. ”

Full Story: http://www.nilesstar.com/articles/2005/12/02/news/ndnews4.txt