Oregon Secures Historic Federal Funds for High-Speed Internet

Mark Eisenberg
Photo: Finoracle.net

Oregon Approved to Receive 'Historic' Federal Investment in High-Speed Internet Infrastructure

The stage is set for a massive investment in Oregon's plans to bring high-speed internet to everyone in the state.

The second volume of Oregon's Broadband Equity, Access, and Deployment (BEAD) proposal has been approved by the National Telecommunications and Information Administration. This approval marks a significant milestone, as it involves nearly $700 million in federal funding.

A Historic Investment

Nick Batz, the director of the Oregon Broadband Office, emphasizes the importance of this momentous investment.

"This is a historic investment. We've never seen this much money invested in broadband by the federal government before. I'm not sure that we're ever going to see it again – and if we're successful, we're not going to need it again," he explained.

Why High-Speed Internet Matters

Batz highlights that high-speed internet connectivity is crucial for modern life. It enables everything from remote work to telemedicine appointments, and is especially vital in rural parts of the state.

Next Steps: Selecting Grantees

The state will now begin the process of selecting the grantees who will build the infrastructure in unserved or underserved locations.

"The goal of this challenge process is to identify every location in Oregon that is eligible to receive BEAD funding. So, by the end of this challenge process, we will have a master list of all these locations. It's going to be somewhere in the neighborhood of 120,000 to 140,000 locations," Batz explained.

Funding Source

This major funding opportunity comes from Congress's Bipartisan Infrastructure Law. The Biden Administration is currently distributing more than $42 billion to states with the aim of increasing high-speed internet connectivity.

This investment serves as a crucial step toward ensuring that every resident in Oregon has access to reliable, high-speed internet, addressing both urban and rural needs of the state.

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤