​US Treasury Announces Two Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet in Colorado and New Mexico

https://home.treasury.gov/news/press-releases/jy1152

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.