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Commerce announces $28.5 million in grant money for One Economy

30 Apr, 2010

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.

Commerce announces final grant awards from first funding round (Broadband Breakfast)

Secretary Locke announces Recovery Act investments (NTIA)

$51.5 million in stimulus granted to One Economy (One Economy Corp.)


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