267 Million Dollar Loan for Rural Broadband Announced by USDA
| March 26, 2008 |  View for printing |
USDA Rural Development Under Secretary Thomas C. Dorr today announced that Open Range Communications, headquartered in Denver, Colo., has been approved to receive a $267 million loan from USDA Rural Development http://www.rurdev.usda.gov/ to provide broadband service to 518 rural communities in 17 states.
This partnership will address the significant need to deploy wireless, portable broadband connectivity to improve service in considerable portions of rural America. The commitment by USDA and Open Range represents one of the largest public-private investments for broadband service by the federal government.
USDA Rural Development’s investments in broadband are helping rural communities develop sustainable economic opportunities to improve the quality of life in communities across the nation. The loan to Open Range is expected to foster business development and create new jobs in Alabama, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Nebraska, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina and Wisconsin.
Full Story: http://www.govtech.com/gt/articles/279157
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