Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Investments»Arkansas Seeks More Broadband Investment
Investments

Arkansas Seeks More Broadband Investment

prosperplanetpulse.comBy prosperplanetpulse.comJune 26, 2024No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Arkansas

The state cited Arkansas’s $500 million broadband investment, low taxes and aggressive connectivity expansion as reasons for choosing it.

Michael D. Melero

Arkansas Seeks More Broadband Investment
From left: CEO of Broadband Breakfast Drew Clark; ASBO Director Glenn Howie; ASBO Deputy Director Lane Bailey; John Wilkins, Co-Founder, Quadra Partners; Managing Director and Senior Partner, Boston Consulting Group Konark Singh.

HOT SPRINGS, Ark., June 26, 2024 – The Arkansas Broadband Office highlighted Arkansas’ position as a leading hub for broadband investment at the Arkansas Broadband Summit on Tuesday and called for continued collaboration and investment in the state’s broadband future.

The department highlighted the significant investment of over $500 million from infrastructure grants in the state since 2020, driven by relocation, lower taxes and aggressive connectivity enhancements. These efforts aim to establish Arkansas as a leader in broadband infrastructure within a strategic and business-friendly environment.

“In late 2023, these investments have placed Arkansas as the state with the sixth-highest rate of declines in unserved and underserved locations in the nation since 2020,” the director of the Arkansas Broadband Office said. Glenn Howie“This shows we are moving forward and are willing to act quickly in response to business urgency.”

Howie encouraged broadband investors to consider Arkansas to meet their business needs and emphasized the firm’s mission to assist those looking to invest, expand or relocate. He said partnering with the firm will benefit businesses and ensure a supportive environment through strategic initiatives and connectivity efforts.

The office is meeting weekly with providers to provide technical assistance, maintain transparency and gather feedback throughout the process. This collaborative approach and commitment to efficiency demonstrates the state’s focus on effective broadband deployment. “Our relationships with providers and our team’s efforts to minimize bureaucracy allow us to work effectively,” Howie said.

Co-Founder, Quadra Partners John Wikkins He said there is about $20 billion available in Broadband Equitable Access and Deployment Program funds within a 500-mile radius of Arkansas, making the region critical for broadband investment. “Arkansas is ready to receive BEAD funds with a good plan and established offices,” he said, noting that early-stage states like Arkansas will attract providers because of their preparedness and favorable business climate.

Arkansas BEAD Program Volume 2The BEAD program outlines how states will implement the program and is awaiting approval from the National Telecommunications and Information Administration. NTIA officials aim to have all Volume 2 applications approved by this fall.

Arkansas is preparing an applicant primer, a guide to help potential applicants understand the requirements and steps for participating in BEAD. The document is expected to be released in August and will include details on the rules for bidding, reference grants, how to use the map, and an explanation of the application portal.

If the Challenge Map process is delayed, the Office will still release the primer on time and adjust with reference grant supplements as needed to ensure a timely release regardless of completion of location data.

“Because our plans are based on a formula, they can fluctuate over time. As the economy improves and people’s incomes increase, rates can go up,” Howie said as he elaborated on the low-cost requirement.He assured that all internet service providers applying within Arkansas must offer low-cost plan options as part of the affordability requirements of the BEAD program.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Investments

Mirae Asset Global Investments Co., Ltd. sells 18,000 shares of Global Super Dividend US ETF (NYSEARCA:DIV)

July 14, 2024
Investments

6 investments that will plummet in value by the end of 2024

July 14, 2024
Investments

Investment in the county’s agriculture sector will yield bountiful harvests. [column] | Local Voices

July 14, 2024
Investments

Mirae Asset Global Investments Co. Ltd. Increases Stake in Stride, Inc. (NYSE:LRN)

July 14, 2024
Investments

Allspring Global Investments Holdings LLC invests in WPP plc (NYSE:WPP)

July 14, 2024
Investments

How much should I invest to retire at 30?

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe