Our mission is to keep you informed about the latest updates on the Broadband Expansion and Adoption Development (BEAD) Program. In this article, we present a summary of recent developments and funding initiatives related to BEAD. Stay tuned to discover the latest news and advancements in the past week regarding BEAD funding.

County Partnerships Aid Co-ops in BEAD Broadband Funding

Partnering with counties is valuable for electric co-ops seeking funding for the BEAD program’s matching requirement. Rural electric co-op United Fiber’s COO, Darren Farnan, noted that counties can provide funds from federal sources like the Capital Project Fund to support co-ops’ applications. Farnan emphasized the shared goal of expanding high-speed internet and advised early collaboration with counties for funding access. He also highlighted co-ops’ unique advantage in utilizing community buildouts for funding and financing.

Maine Submits 5-Year Broadband Plan for Funding Approval

Maine has submitted its 5-year broadband action plan to the National Telecommunications and Information Administration, marking a crucial step toward accessing the $272 million grant from the Broadband Equity Access and Deployment program. The plan focuses on prioritizing transparent broadband expansion, fostering partnerships, leveraging networks, and showcasing the benefits of digital inclusion. Maine’s strategy includes initiatives such as a broadband mapping platform, interagency coordination for broadband implementation, and connectivity hubs to support education and telehealth. Upon approval of the initial proposal, states gain access to a minimum of 20 percent of the allocated funds.

Nokia Boosts U.S. Manufacturing for BEAD Program’s Fiber Optic Modules

Nokia has partnered with Fabrinet to manufacture fiber broadband optical modules in the U.S., supporting the Broadband Equity, Access, and Deployment (BEAD) program. These optical modules are essential components for high-speed broadband networks, enabling fast connectivity. Manufacturing in California and Wisconsin, Nokia aims to expand its range of products and solutions for network rollouts, ensuring compliance with BEAD funding requirements. Over 70% of North American fiber broadband lines are powered by Nokia, reinforcing the company’s role in bridging the digital divide.

New Financial Model Aids States in BEAD Fiber Broadband Deployment Funding

At Fiber Connect 2023, the Fiber Broadband Association (FBA) and Cartesian introduced the BEAD Threshold Financial Model, assisting states in determining Extremely High Cost Per Location Thresholds (EHCT) for fiber broadband projects using BEAD funding from the Infrastructure Investment and Jobs Act. The tool employs geospatial analysis to help states calculate cost thresholds tailored to their conditions, aiming to maximize fiber deployment without deterring providers. By addressing this challenge, the FBA aims to support the successful expansion of fiber broadband across the U.S., helping to bridge the digital equity gap.

At ReadiTech Engineering, we are proud to be building next-generation fiber networks that connect America. Our experts are well-versed in the latest industry trends and possess a deep understanding of the challenges faced by businesses today.  Contact us today to learn how we can assist with your broadband engineering needs.

Fiber Broadband Association and cartesian expand bead funding resources for State Broadband Offices. Business Wire. (2023, August 21). https://www.businesswire.com/news/home/20230821495621/en/Fiber-Broadband-Association-and-Cartesian-Expand-BEAD-Funding-Resources-for-State-Broadband-Offices
Nokia Oyj. (2023, August 16). Nokia expands manufacturing in U.S. to fiber broadband optical modules for Bead Program. GlobeNewswire News Room. https://www.globenewswire.com/news-release/2023/08/16/2726414/0/en/Nokia-expands-manufacturing-in-U-S-to-fiber-broadband-optical-modules-for-BEAD-program.html
Whipple, T. (2023a, August 16). Co-ops can look to counties for bead match requirement. Broadband Breakfast. https://broadbandbreakfast.com/2023/08/co-ops-can-look-to-counties-for-bead-match-requirement/
Whipple, T. (2023, August 19). Maine submitted its bead 5-Year action plan to the NTIA. Broadband Breakfast. https://broadbandbreakfast.com/2023/08/maine-submitted-its-bead-5-year-action-plan-to-the-ntia/

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound