Thursday, August 02, 2007

Massachusetts launches bond-funded broadband initiative

The Boston Globe reports today that the Massachusetts Broadband Incentive Plan will be funded by $25 million in general obligation bonds to bring broadband to 32 Bay State communities that lack access to cable or DSL service.

It will be managed by a new division within the Massachusetts Technology Collaborative and is designed to create a new incentive for private industry by underwriting part of the costs of providing service in rural areas. Ultimately, administration officials hope public/private partnerships will be formed to provide service, according to the Globe.

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