Tennessee Co-op Receives First USDA ReConnect Grant
HALLS, TENN. – U.S. Secretary of Agriculture Sonny Purdue presented the nation’s first ReConnect grant to Forked Deer Electric Cooperative today at an event in Halls, Tenn. The co-op will use the $2.8 million grant to build a fiber-to-the-home network and bring broadband to the electric co-op’s rural consumers.
The USDA’s Rural e-Connectivity loan and grant program, or ReConnect, was established to build modern broadband infrastructure in rural areas. The program was funded by an initial $600 million Congressional appropriation.
“There are a lot of advantages that electric co-ops have when it comes to broadband,” said Secretary Purdue while speaking at a grant ceremony today at Forked Deer Electric Cooperative in Halls. “You know your customers, you already have lines, you have an obligation to serve, and this fits right into your business model. I truly believe that broadband will bridge the rural/urban divide.”
“This is a big day for Forked Deer Electric Cooperative,” said the co-op’s CEO Jeff Newman. “High speed internet access is more than a convenience – it is absolutely necessary for education, healthcare and commerce. Our rural communities cannot be left behind. These funds will assist Forked Deer Electric Co-op in bringing modern connectivity to the communities we serve, and it is exciting to think of the impact that will have right here in Lauderdale County.”
“It is noteworthy that an electric co-op in Tennessee is the first recipient of a ReConnect grant,” says David Callis, executive vice president and general manager of the Tennessee Electric Cooperative Association. “Tennessee co-ops have demonstrated the ability to maximize state and federal funds. For every dollar of grant money received, Tennessee co-ops are investing $15 of their own money. This multiplier means that Tennessee electric co-ops are stretching grant funds further to have the greatest impact.”