Commerce announces $28.5 million in grant money for One Economy
Speed Matters' partner One Economy was awarded $28.5 million in grant money to expand high-speed Internet in underserved communities in the latest round of NITA's Broadband Opportunity funding.
The Commerce Department recently announced the last of the round one grants — nine broadband investments totaling more than $114 million to more than a dozen states.
One Economy plans to spend over $51 million to expand high-speed Internet in underserved communities, including $23 million in matched support from industry partners, such as AT&T.
Also in the works is a nationwide awareness campaign to promote digital literacy, estimated to reach 20 million people. The funding will also help to expand One Economy's seven-year-old Digital Connectors program — over 235,000 additional 14-21 year-old at-risk youth can now receive training in the program.
One Economy will focus its broadband expansion on low-income and public housing projects in 31 states and the District of Columbia.
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$51.5 million in stimulus granted to One Economy (One Economy Corp.)
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