McCarthy to Receive $5.2 Million for Wireless BroadbandGrant/Loan will support future economic development
With a goal of spurring economic development and growing Alaska small business, U.S. Sen. Mark Begich announced a $5.2 million grant/loan from the American Recovery and reinvestment Act (ARRA) which will extend terrestrial wireless broadband connectivity in McCarthy.
Awarded to Copper Valley Telephone Coop., the project focuses on improving middle mile broadband and will benefit an estimated 20 local businesses. The project is paired with private investment.
"A vital part of creating jobs and growing Alaska's economy is providing small businesses with the tools necessary for success," Begich said. "I am excited McCarthy is joining dozens of other Alaska communities in receiving the benefits of the Recovery Act, small businesses, schools and health care facilities will all benefit from improved Internet connectivity."
Overall the Recovery Act will invest $7.2 billion in broadband projects nationwide. Over $100 million has already been committed to broadband projects in Alaska.
The American Recovery and Reinvestment Act is expected to bring an estimated $1.6 billion and save or create 8,000 jobs in Alaska over two years. Due to Alaska's short construction season last year, the majority of Recovery Act funding will be put to work in Alaska's economy this construction season.
Additional information on the American Recovery and Reinvestment Act is available here: http://www.recovery.gov/
Additional information on the Broadband Initiatives Program under the Rural Utilities Service is available here: http://www.broadbandusa.gov/.
Posted: July 6, 2010
More Government & Politics »