Broadband stimulus cash going quickly—who’s making a grab?

November 11th, 2009

Attention all broadband stimulus grant shoppers: the good news is that the Obama administration says it’s fast-tracking the schedule to fork out over seven billion dollars in high speed Internet stimulus money. The other news is that if you haven’t applied for this windfall yet, you’ve only got one more chance. Instead of handing out that dough in two additional rounds, as originally intended, the new plan is to do it in just one more—and it’s probably coming soon.

“This will get the funds out the door faster to stimulate the economy and create jobs,” declared Jonathan Adelstein, once with the Federal Communications Commission and now an administrator with the Rural Utilities Service. “It gives applicants and communities a greater opportunity to come together to form networks and find more creative ways to connect to the global economy through broadband.”