North Carolina

The U.S. Department of the Treasury approved $82.2 million for high-speed internet projects in North Carolina to connect about 16,000 homes and businesses to broadband. The funding will come from the American Rescue Plan Act’s Capital Projects Fund (CPF).

The CPF has a total budget of $10 billion to award to states, territories, freely associated states, and Tribal governments to fund critical capital projects. The goal is to expand economic opportunities and provide internet connectivity in communities lacking high-speed service. In addition to the $10 billion provided by CPF, many governments are putting a portion of their State and Local Fiscal Recovery Funds (SLFRF) toward these projects.

Today’s award will support the Broadband Stop Gap Solutions Program to extend high-speed internet service to reach individual or small pockets of households or businesses which have not been reached through prior federal investments. The state’s broadband infrastructure office will work with counties to identify remaining locations that lack high-speed internet. After those determinations are made, the Stop Gap Program will make awards on a county-by-county basis.

North Carolina previously received $177.7 million in CPF funding in 2022.

The Treasury Department began CPF in June 2022, and now has awarded more than $9 billion for broadband, digital technology, and multi-purpose community center projects in all states and the District of Columbia.

The state of Oregon was recently awarded $148 million in CPF funds.

“The pandemic upended life as we knew it and exposed the stark inequity in access to affordable and reliable high-speed internet in communities across the country,” Deputy Secretary of the Treasury Wally Adeyemo, said in a prepared statement. “This funding is a key piece of the Biden-Harris Administration’s historic investments to increase access to high-speed internet for millions of Americans and provide more opportunities to fully participate and compete in the 21st century economy.”

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