Virginia Making $2 Billion Public-Private Broadband Investment

Governor Ralph Northam’s office announces Virginia is on track to become one of the first states to achieve universal broadband access by 2024. The Virginia Telecommunications Initiative has received a record number of local and private sector applications to match state broadband investments bringing anticipated funding to over $2 billion. These applications leverage $1.15 billion in private and local matching funds. The Department of Housing and Community Development is reviewing applications and expects to award the funds by the end of the year.