VT Gets $47 Million For Broadband
Two Vermont telecommunications groups are getting $47 million in federal stimulus money to build fiber optic networks. The money is the largest public investment in broadband infrastructure ever made in the state. It comes from a $7 billion investment in broadband infrastructure contained in the federal stimulus bill.
The Vermont Telecommunications Authority will get $33 million. VTA says they'll use the money to build Vermont Fiber Link, a state-wide fiber network that will increase bandwidth and reduce broadband costs for schools and state offices.
The Springfield-based Vermont Telephone Company will get nearly $14 million to create a fiber network for schools, colleges and public safety facilities.
And, New Hampshire has been awarded $44 million for their broad band initiatives. The money will go to the New Hampshire Network Now initiative at the University of New Hampshire. The university says the funds will create nearly 700 jobs and provide affordable internet access to 12,000 businesses and 700 community institutions.