USDA Offers Details on Second Round of ReConnect Funding: $550 Million for Rural Broadband

he USDA said today that it will begin accepting applications on January 31, 2020 for a second round of rural broadband funding in the ReConnect program. A total of $550 million will be made available. The deadline for submitting applications will be March 16, 2020.

USDA ReConnect Second Round
Plans for the second funding round are similar to those for the first round, which is still being awarded. USDA has a budget of $600 million for the first round and about a third of it has been awarded. Awards are made in the form of grants, low-interest loans and 50% grant/50% loan combinations, with a third of the budget allocated for each of the three funding types.