US Treasury Announces Two Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet in Colorado and New Mexico
Colorado and New Mexico are approved to receive approximately $288 million under the American Rescue Plan and will connect nearly 60,000 homes and businesses to affordable, high-speed internet. New Mexico is approved to receive $117 million for broadband infrastructure, which the state estimates will connect an estimated 40,611 households and businesses – representing 21% of locations still lacking high-speed internet access. New Mexico’s award will fund the Connect New Mexico Broadband grant program, a competitive grant program that is designed to build broadband infrastructure to areas of the state without access to reliable wireline service. The Connect New Mexico Broadband program /is also designed to provide internet service with speeds of 100/100 Mbps symmetrical to households and businesses upon project completion. Each of the internet service providers funded by the program will participate in the FCC’s Affordable Connectivity Program (ACP) – a $30 per month subsidy for qualifying households. The plan submitted to Treasury and being approved today represents 88% of the state’s total allocation under the CPF program. New Mexico submitted plans for the remainder of their CPF funds and these applications are currently under review by Treasury.
Updates from the New Mexico Office of Broadband Access and Expansion (OBAE) with Input from communities, broadband advocates, and stakeholders around the state.