MN Deed Announces Historic Funding for Broadband Expansion
St. Paul (KROC-AM News) - The Minnesota Department of Employment and Economic Development announced historic funding for broadband expansion Thursday.
DEED launched a Request for Proposals that will award $95 million in broadband grants across the state. Building on appropriations from both the 2021 and 2022 legislative sessions, this grand round contains the highest-ever amount of funding for the Border-to-Border Broadband Infrastructure grant program.
Funding from two sources - state and federal - can be used to reimburse for up to half the cost of the broadband infrastructure deployed. Funding for a single project is capped at $5 million.
“This historic level of broadband funding will increase opportunities for Minnesotans across the state," Minnesota Governor Tim Walz said. “Now, more than ever, broadband is what connects Minnesotans to their education, jobs and the rest of the world.”
In May 2022 Governor Tim Walz signed legislation appropriating $50 million -- $25M in the FY2023 and $25M in the FY24 from the state’s general fund for broadband. This bolsters the state’s practice since 2014 of providing state funds to build out broadband service in areas of the state where it is challenging to do so.
For federal broadband funding, the remaining $70 million available for grant awards in this round is federal funding from the American Rescue Plan Act (ARPA) Capital Projects Fund, administered by the U.S. Department of Treasury.
“High-speed, high-quality broadband is central to modern life – from schools to business to healthcare and beyond,” DEED Commissioner Steve Grove said. “This historic round of funding will go a long way towards connecting the over 240,000 homes & businesses that remain without access to the “modern plumbing” of today’s economy.”
Applications must be submitted by August 4, 2022, at 4:00 p.m