The National Telecommunications and Information Administration, which will be responsible for awarding about $4.7 billion worth of the $7.2 billion in broadband stimulus funds has delayed its submission and grant schedule by a few months. GigaOM apparently was the first publication to notice that the NTIA has shifted the date it will begin to award funds. In an announcement late last week, the agency said it would accept grant applications in September and begin awarding funds in December, contradicting a previous statement released two months ago that said the first funding distributions could come as early as June.
That may not be a bad thing for companies that are still confused about the program and are still trying to get all their ducks in a row, but what will it mean for Supercomm, the trade show which pinned its postponement from June to October on the notion that broadband stimulus funds would be awarded by this fall?
- GigaOM has this post
Infonetics Research had suggested that stimulus would help capex rebound
The Senate Commerce Committee approved the nominee to lead the NTIA