USDA ANNOUNCES $267 MILLION RURAL BROADBAND LOAN

Russ Steele

WASHINGTON, March 25, 2008 - 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 to provide broadband service to 518 rural communities in 17 states. More here:

California is one of the states listed, and this is for a WiMAX technology build out.

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.

I will be following up to find our where in California and maybe we can get some of this investment in Nevada County.