Recovery Act Finale
The Recovery Act stimulus ended with a whimper, not a bang, as analyst Teresa Mastrangelo of Broadbandtrends.com described it on the phone with me today.
The National Telecommunications and Information Administration (NTIA) did put up a little bit of fanfare in announcing the final $206.8 million in grants being awarded from the Broadband Technologies Opportunities Program (BTOP). The release does mention that these were the final grants.
On the side of the Broadband Initiatives Program (BIP), being funded by the United States Department of Agriculture (USDA) , Mastrangelo says there was a note about five little grants going out.
A boring ending to Recovery Act money is not a bad scenario. Back in July, it was clear the agencies would be giving out a lot of the money very late in the process, although it was hard to believe they'd let Sept. 30 go by without spending every dime possible. (See Recovery Act Funds Sit Still.)
— Craig Matsumoto, West Coast Editor, Light Reading