Millions in high-speed internet funds to go towards Charlotte area households, businesses
RALEIGH, N.C. (QUEEN CITY NEWS) — More than $58 million in Fiber Broadband Project funding will go towards connecting over 10,000 households and businesses across 26 North Carolina counties, Gov. Josh Stein announced Wednesday.
'Good partnerships between our counties, the state, and internet providers will connect North Carolinians,' said Governor Josh Stein. 'I look forward to continuing to bring high-speed internet to every corner of the state so that people can communicate with family and friends, grow their business, or access telehealth services or educational opportunities.'
Today's awards add to the nearly $630 million in Growing Rural Economies with Access to Technology (GREAT) grants and previous Completing Access to Broadband (CAB) projects that will connect nearly 245,000 North Carolina households and businesses to high-speed internet.
The CAB projects will be funded by more than $41 million from the federal American Rescue Plan awarded by NCDIT and individual counties. More than $17 million comes from selected broadband providers, such as:
Cabarrus County: Spectrum Southeast, LLC and Windstream North Carolina, LLC: These awards will provide high-speed internet access to 1,314 homes and businesses (62.04% of the county's 2,118 eligible locations).
Iredell County: Spectrum Southeast, LLC: This award will provide high-speed internet access to 80 homes and businesses (4.94% of the county's remaining 1,618 eligible locations after previous awards).
Richmond County: Spectrum Southeast, LLC This award will provide high-speed internet access to 110 homes and businesses (14.08% of the county's 781 eligible locations).
Rowan County: Yadkin Valley Telephone Membership Corporation (Zirrus) This award will provide high-speed internet access to 261 homes and businesses (12.45% of the county's remaining 2,096 eligible locations after previous awards).
The CAB program's procurement process forms a partnership between counties and NCDIT to identify areas that need access, solicit proposals from prequalified internet service providers, and quickly make awards.
Awardees must agree to provide high-speed service that reliably meets or exceeds speeds of 100 Mbps download and 100 Mbps upload.
'Bringing high-speed internet to rural North Carolina is a game changer,' said NCDIT Secretary and State Chief Information Officer Teena Piccione. 'Thanks to the vision of Governor Stein and our General Assembly, we're making historic investments to close the digital divide, and more programs are on the way to connect additional communities across the state.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Blue Acquisition Corp. Announces the Pricing of $175,000,000 Initial Public Offering
NEWPORT BEACH, Calif., June 12, 2025 /PRNewswire/ -- Blue Acquisition Corp. (the "Company") announced today the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ("Nasdaq") and begin trading tomorrow, June 13, 2025, under the ticker symbol "BACCU." Each unit consists of one Class A ordinary share and one right (the "Share Right") to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. There are no warrants issued publicly or privately in connection with this offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols "BACC" and "BACCR," respectively. The offering is expected to close on June 16, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,650,000 units at the initial public offering price to cover over-allotments, if any. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the Company may pursue an initial business combination in any business or industry, it intends to focus on identifying a business combination target within a manufacturing company or data center that aligns with green energy initiatives and sustainable industrial practices, as well as software development in emerging technologies like AI, Cybersecurity and energy management. The Company's management team is led by Ketan Seth, its Chief Executive Officer and a director, and David Bauer, its Chief Financial Officer and a director. In addition, the Board includes General (Ret.) Wesley Clark, Dino Dario Ferrari, DR. Kenneth Moritsugu, and Nadim Qureshi. Glenn Hill, Mina Janeska and Francisco de Borbon Graf von Hardenberg are Special Advisors to the Company. BTIG, LLC is acting as sole book-running manager for the offering and Roberts & Ryan, Inc. is co-manager. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@ or by accessing the SEC's website, A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on June 12, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and preliminary prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: Blue Acquisition Corp1601 Anita LaneNewport Beach CA, 92660-4803Attn: Ketan Seth, CEOkseth@ dbauer@ 543-5060 View original content: SOURCE Blue Acquisition Corp. Sign in to access your portfolio


Los Angeles Times
3 hours ago
- Los Angeles Times
Commission's denial of home ownership project reveals cracks in Costa Mesa's zoning
In Costa Mesa, where 60% of the populace are renters and home prices make purchases prohibitive, city leaders have repeatedly expressed a desire to see more home ownership projects. But at what cost? That issue came to a head this week as the city's planning commission considered a proposal for Victoria Place, a 40-unit condominium complex at 220 Victoria St., a 1.77-acre commercial lot situated just west of Newport Boulevard. A hearing Monday followed an August 2024 screening by the City Council, during which officials pressed for more common areas, open space and better landscaping but had no qualms about the project's density or location. Put forth by Newport Beach-based WMC, LLC., the proposal features 18 duplexes and four detached residences, each comprising roughly 2,700 square feet in three stories with a ground-floor workspace, two-car garage, balcony and rooftop deck at a maximum height of 39 feet, 6 inches. The property lies close enough to Newport Boulevard to qualify for rezoning under Measure K, a 2022 voter-backed initiative that makes allowances for high-density residences near certain commercial and industrial corridors. Because the requisite rezoning has not been completed, the developers of Victoria Place, with help from city planners, have had to get creative. The project was pitched to commissioners for inclusion in a residential incentive overlay district created in 2016 to allow for the redevelopment of 14 identified commercial properties along Newport and Harbor boulevards for high-density residential uses. None of the property owners took advantage of the designation and, two years later, city leaders reduced eligibility to just four sites. Victoria Place seeks designation as a fifth parcel and, if built, would be the first site developed under the overlay's more permissive building standards. However, applicants came to Monday's hearing asking for even more concessions than the overlay allows, namely a reduction in side and rear setbacks, garages and on-site parking stalls narrower by 6 inches, less off-street parking and a reduction in required common open space. 'We feel that Costa Mesa's need for this type of housing is pretty clear. And [this] offers a thoughtful and well-designed response to that need,' Tony Weeda, managing partner of WMC, LLC. told commissioners. He explained architects incorporated a barbecue and play area into the site plans, along with a flexible-use space that can be used for events and as a fire lane. The gated complex would allow children to play safely on the property. Architect Richard Finkel said the city encouraged the applicants to fit as much housing as the overlay allowed. Commissioners, however, were not convinced the multiplicity of concessions were appropriate for the space and expressed concerns about the traffic vehicles and pedestrians would face so close to Newport Boulevard. They further lamented the city's delay in rezoning Measure K properties. 'We still don't have a cohesive plan for what we expect from our Measure K sites,' said Commissioner David Martinez. 'Now, we get stuck in this weird situation where we're applying something for the very first time and trying to figure out what any of it means — it just sucks.' Commissioner Rob Dickson said it would be unfair to hold an applicant hostage because the city couldn't figure out how to zone a project, and pointed out the council already ostensibly approved the concept last August. 'If this was the first impression of the project before us, I would be 100% absolutely not; it's just too outside the scope,' he said. 'However, this has been going on for a while, and it seems to be something the council asked for.' Commissioners opposed recommending the project in a 5-2 vote, with Dickson and Commissioner Angely Andrade Vallarta opposed. It will move on to the City Council for its consideration.


Entrepreneur
3 hours ago
- Entrepreneur
ტერაბანკი მდგრადი ფინანსების მიმართულებით საქართველოს ტოპ SME ბანკებს შორის მოხვდა
საავტორო უფლება © 2025 Entrepreneur Media, LLC ყველა უფლება დაცულია. Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC