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ARTICLE · 21 JULY 2023

Commerce Department Announces BEAD Program State Funding Totals

Holland & Knight
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BEAD will finance the construction of broadband networks and subsidize the cost of internet for rural areas and low-income households.

United StatesStrategy
Michael Werner
Michael Werner
Peter Lam
Peter Lam
Vlad Popik
Vlad Popik
Woody Vaughan
Woody Vaughan
Derrick Mitchell
Derrick Mitchell
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The U.S. Department of Commerce on June 26, 2023, announced funding for each state, U.S. territory and the District of Columbia for high-speed internet infrastructure development through the Broadband Equity Access and Deployment (BEAD) program. At an event promoting BEAD on July 3, 2023, President Joe Biden stated that the goal of BEAD is to connect every person in the country to "reliable, high-speed internet by 2030." BEAD, which is part of the Infrastructure Investment and Jobs Act (Jobs Act) signed into law on Nov. 15, 2021, will allocate a minimum of $100 million to each state, with Florida receiving approximately $1.17 billion, Georgia approximately $1.3 billion and Texas approximately $3.3 billion – the highest award among the states.

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