Treasury Department Approves Federal Funds to Connect North Carolina Homes and Businesses to High-Speed Internet

A key priority of the CPF program is making funding available for broadband infrastructure to expand economic opportunities and provide high-speed internet connectivity in underserved communities, including rural, Tribal, and other underserved communities. 

The CPF provides a total of $10 billion to states, territories, freely associated states, and Tribal governments to fund critical capital projects that expand economic opportunities and provide internet connectivity in communities with unmet needs. Through high-speed internet, digital technology, and multi-purpose community facility investments, CPF funding is both closing the digital divide and bringing workforce, education, and health care services to communities in need.

The $82.2 million will fund the Broadband Stop Gap Solutions Program to extend high-speed internet service to reach individual or small pockets of households or businesses which have not been reached through prior federal investments.

North Carolina’s Broadband Infrastructure Office will work with counties to identify remaining locations that lack high-speed internet and then make Stop Gap Program awards on a county-by-county basis. This announcement is in addition to the $177.7 million in CPF funding the Treasury Department awarded North Carolina in 2022, which was used to fund broadband infrastructure projects.