Leveraging Public Funding with Private Partnership
Our $275M project blends public and private capital:
$90.7M in BEAD funding provisionally awarded
Philanthropic funds
Revenue bonds
Additional grant programs
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BEAD is a once-in-a-generation chance. Our secured $90.7M requires matching capital. Missing this window risks permanent digital exclusion.
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Pennsylvania’s Broadband Equity, Access, and Deployment (BEAD) program is funded pursuant to the federal Infrastructure Investment and Jobs Act of 2021 to expand access to high-speed internet across the United States. The Pennsylvania Broadband Development Authority (PBDA) is administering the BEAD program in accordance with the National Telecommunications and Information Administration (NTIA)’s policies. Grants were awarded to those with the technical, managerial, and financial expertise to design, build, and operate high-speed broadband service infrastructure within the Commonwealth of Pennsylvania.
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Issued as tax-exempt revenue bonds. No county debt burden.
A revenue bond is bond that is funded through the income generated by specific projects, like toll roads, bridges, and infrastructure. Unlike general obligation bonds, which rely on taxes, revenue bonds are repaid from the project’s revenues, making them a unique investment option for public infrastructure.
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Quarterly dashboards, annual independent reports, community sessions, and long-term studies.
Funding Acknowledgements:
"This Project was financed, in part, by a grant from the U.S. Department of Commerce, under the administration of the Commonwealth of Pennsylvania's Broadband Development Authority."
"This Project was financed, in part, by a grant from the Commonwealth of Pennsylvania"
If you suspect waste, fraud or abuse in the BEAD Program or CoreConnect operations, contact the Commonwealth’s Fraud, Waste and Abuse hotline at: 717-525-5031
or email: ra-cd-fraud-hotline@pa.gov
Or the U.S. DOC Office of Inspector General: