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267 Million Dollar Loan for Rural Broadband Announced by USDA

March 26, 2008 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

USDA Rural Development Under Secretary Thomas C. Dorr today announced that Open Range Communications, headquartered in Denver, Colo., has been approved to receive a $267 million loan from USDA Rural Development http://www.rurdev.usda.gov/ to provide broadband service to 518 rural communities in 17 states.

This partnership will address the significant need to deploy wireless, portable broadband connectivity to improve service in considerable portions of rural America. The commitment by USDA and Open Range represents one of the largest public-private investments for broadband service by the federal government.

USDA Rural Development’s investments in broadband are helping rural communities
develop sustainable economic opportunities to improve the quality of life in communities across
the nation. The loan to Open Range is expected to foster business development and create new
jobs in Alabama, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana,
Nebraska, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina and Wisconsin.

Full Story: http://www.govtech.com/gt/articles/279157

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Prospera helps businesses and communities find their pathway to success, acting as the navigator, problem solver and catalyst for a strong Montana economy.

Big Sky EDA- Building Businesses and Creating Jobs in the Greater Billings, Montana area

For over 25 years, Zoot Enterprises has been a global provider of advanced origination, acquisition, and decision management solutions.
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