Fiber provider Brightspeed said it has received a total of $238 million in local, state and federal broadband grants and funding. #pressrelease
January 8, 2025
Brightspeed, one of the nation's largest fiber broadband builders, announced today that its local, state and federal broadband grants and funding reached more than $238 million, which includes the company's first Broadband Equity Access and Deployment (BEAD) program award from the state of Louisiana. These local, state and federal investments will expand the company's planned network build by nearly 121,000 in 14 states. This exciting milestone marks a huge step forward for Brightspeed and the rural and suburban communities it serves.
Here is the breakdown of grants and funding awards:
~$180 million in Brightspeed's home state of North Carolina that will fund connections to more than 80,000 premises
$3.8 million+ in South Carolina to connect nearly 5,200 locations
~$11.9 million in Wisconsin to connect more than 8,400 locations
$2.3 million in Texas to connect nearly 5,000 locations
~$270,000 in Louisiana to connect more than 400 locations
$5.6 million in Virginia that will connect nearly 3,500 homes and businesses
~$597,000 in Alabama to connect more than 1,000 locations
$6.8 million in Tennessee to connect 2,800 locations
$470,000 in Arkansas to connect 580 homes and businesses
$774,000 in Michigan to connect nearly 390 locations
$782,000 in Pennsylvania to connect 340 locations
~$474,000 in Kansas to connect more than 550 locations
$12.3 million+ in Ohio to connect nearly 5,900 homes and businesses
More than $5.5 million in Indiana to connect nearly 3,300 locations
$7.5 million+ in BEAD funding from Louisiana to reach 2,800 premises
Brightspeed continues to pursue state and federal grants and funds to further augment its planned build in the states that it serves, including BEAD program funding. The BEAD program is a U.S. federal initiative to expand high-speed internet access across underserved and rural areas of the country. Part of the 2021 Infrastructure Investment and Jobs Act, BEAD provides $42.5 billion to help states build broadband infrastructure and improve internet affordability.
Read the full press release here.
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