In Minneapolis Wednesday – USDA Rural Utilities Service Administrator Jonathan Adelstein announced on behalf of Ag Secretary Tom Vilsack that nearly 192-million dollars in loans have been released for projects that will deliver broadband services to rural customers across eight states. These funds represent the latest investment from the Department of Agriculture’s Telecommunications Infrastructure Loan Program and will add thousands of miles of cable to the telecommunications grid in rural America.
The eight states are: Iowa, Kansas, Missouri, Montana, Oregon, Texas, Washington and Wisconsin. The telecommunications infrastructure program funds facilities and equipment to upgrade, expand, maintain and replace rural telecommunications networks. Administered by USDA Rural Development’s Rural Utilities Service – this financing is part of the overall 690-million dollar investment during fiscal year 2011.
USDA – through its Rural Development mission area – administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.