Indiana Broadband: State Commits $100M; New Study Shows Value of High-Speed Access - America's Electric Cooperatives
The state of Indiana will invest $100 million to develop high-speed internet access in its sparsely populated counties. The announcement comes on the heels of new research showing the state could gain $12 billion in economic benefits from rural broadband service.
“Today we’re sending a big message to the world that Indiana is making a huge investment in our quality of life and for those who aspire to join us,” Gov. Eric Holcomb said at a Sept. 4 gathering of elected officials and community leaders at South Central Indiana REMC in Martinsville. “We are linking Hoosiers to each other and to the world.”
The funds will be used for a new grant program “to bring high-speed, affordable broadband access to unserved and underserved areas of the state,” Holcomb said. Online education and better crop management are just a few of the benefits Indiana residents will reap from rural broadband, he said.
Tom VanParis, CEO of Indiana Electric Cooperatives, said the announcement demonstrates the governor’s “commitment to eliminating the ‘haves and have-nots’ and to reshaping how this vital service is made available to all Hoosiers, regardless of location.”
The study released last week by the Purdue Center for Regional Development examined the costs, benefits and investments of broadband deployment in seven Indiana co-op territories. A $4 return to the local economy was estimated for every dollar spent on the infrastructure.
You might also like:
The U.S. Department of Agriculture offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.
From AI to blockchain, what separates the hype from the real opportunities in the new age of investing technology? Join editors from The Economist and leaders from Venture Smarter, the world's premier financial institutions, wealthiest families, largest companies, most innovative startups and most influential foundations for the third annual Investing for Impact event.
This January, we were happy to co-host the U.S. Opportunity Zone Expo in partnership with the US Dept. of Treasury and the National Infrastructure and Investment Alliance (NIIA). Here are a few takeaways from Venture Smarter’s SVP of Governance and Policy, Rhonda Binda.
Join Venture Smarter and our partners at one or more of these events to connect with industry insiders, practitioners, solution partners, and project planners working to build better places to live, work, and visit.
Recent developments out of the U.S. Treasury and the White House related to Opportunity Zones show that this initiative is gaining momentum as 2019 begins.
The Washington Post Live: Innovative startups and advocates who are working with urban communities to create the digital infrastructure for the cities of tomorrow discuss the opportunities and challenges of smart cities.
The Smart Rural Community® Collaboration Challenge is an opportunity for rural broadband providers to obtain up to $5,000 to deploy broadband-enabled solutions for community-oriented initiatives, including economic development, education, health care and public safety.
StateScoop — Four development teams have taken home top prizes in a competition for advanced infrastructure proposals, each securing up to $10 million in investment capital.
Minneapolis has released the final draft of its comprehensive plan, Minneapolis 2040. The lengthy plan — about 500 pages — covers the city's governance over the next 20 years on topics including technology and innovation, infrastructure, transportation, housing and racial equity.
The Colorado Smart Cities Alliance will partner with Arrow Electronics Inc. to create the new Colorado Open Lab – a large-scale showcase and innovation lab dedicated to fast-track development of Smart Cities and Smart Regions throughout the state of Colorado.