The U.S. Department of Agriculture (USDA) has begun accepting applications for another round of loan and grant funding for the ReConnect Program. USDA Secretary Sonny Perdue recently announced that applications are being accepted as of last Friday for the second round of funding for the ReConnect Program, which equates to $550 million in financial support.
The funding allows the federal government to continue collaborative efforts with the private sector and rural communities in developing broadband infrastructure in areas with inadequate service. Rural electric cooperatives and utilities, telecommunications companies, internet service providers and municipalities are all eligible to apply for funding through the program.
USDA is making approximately $200 million available for grants through the program, as well as up to $200 million for loan and grant combinations, and up to $200 million for low-interest loans. The purpose behind the ReConnect Program is to bring high-speed broadband to rural homes, businesses, farms, ranches and community facilities.
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