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Ag News
Nebraska gets $43 million in federal loans and grants
Published Thursday, September 25, 2008 at 05:09 AM
“Providing state-of-the-art communications services in rural areas promotes business development, increases job opportunities and improves access to educational services,” Schafer said. “The funding announced today will provide more rural Americans with high-quality, affordable broadband services.”
Nebraska Telecommunications Loan recipients include:
· Clarks Telecommunications Company of Jackson who will use $11,058,000 to deploy 61 miles of fiber and copper cable.
· Stanton Telecom, Inc. in Stanton received $8,127,000 to provide new and improved service to subscribers through adding GR-303 links to existing DMS-10 to support the proposed construction. The entire exchange outside plant will be upgraded with fiber optic cable, fiber optic drops, and Fiber-To-The-Premises (FTTP) equipment. A new Gigabit Ethernet (Gig-E) router will be placed into the
· Henderson Cooperative Telephone Company d/b/a Mainstay Communications in
· Three River Telco of Lynch will use $19,900,000 to i mplement system wide Fiber-To-The-Home (FTTH) upgrades and additions to the existing plant. All existing Nortel remote switches will be retired and new FTTH equipment added to provide Emergency Stand Alone capabilities and broadband capabilities to all subscribers. All existing interexchange transport facilities will be replaced with new SONET OC-12 optics. All existing interexchange Ethernet transport facilities will be replaced with 10 Gigabit optics and fiber trunks to be constructed in phases with a plan to eventually migrate to a full FTTH system.
The loans are being made through the Rural Development Broadband Loan and Loan Guarantee Program, which provides low-interest loans to deploy broadband and telecommunications services to rural communities of 20,000 residents or less, with first priority going to areas without broadband. Rural Development is also providing funding through the Telecommunications Infrastructure Loan Program, which makes loans to local firms working to provide both voice and broadband services in areas with 5,000 or fewer citizens.
The following is a complete list of loan recipients:
Broadband and Telecommunications Loan Recipients 2008
State (s) Borrower Loan Amount
CA, AZ, NV Fort Mojave Telecommunications, Inc. $16,900,000
CA, OR, SC, TX, VA Techcore Consultants II, Inc. d/b/a Almega Cable $13,703,000
CO Wiggins Telephone Association $29,576,000
GA Planters Rural Telephone Cooperative, Inc. $20,495,000
IA Communications 1 Network, Inc. $11,052,000
KS The Golden Belt Telephone Associates, Inc. $17,139,000
NE
NE
NE
NE, SD
NM
SD Midstate Communications, Inc. $31,142,000
SD, MN Interstate Telecommunications Cooperative, Inc. $31,996,000
WI Chequamegon Communications Cooperative, Inc. $27,821,000
WI
WI
WY TCT West Inc. $11,453,000
USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development has invested more than $90 billion since 2001 for equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. More than 1.7 million jobs have been created or saved through these investments. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development’s web site at http://www.rurdev.usda.gov .
© 2008 The Nebraska Rural Radio Association. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
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