Project Grant 047907724

Award Date 5/24/22
Completion Date 9/24/26
Dollars Obligated $6.3M
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Yadkinville, NC 27055, USA
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The Department of Commerce Economic Development Administration (EDA) awarded a $6.33 million Project Grant to the Yadkin Valley Telephone Membership Corporation under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The grant funding will support the installation of a fiber optic cable network by Yadkin Valley Telephone to serve business corridors in Yadkin County, North Carolina. The new broadband infrastructure will allow businesses and industries in Yadkin County to recover from economic injury caused by the COVID-19 pandemic and strengthen the regional economy. Completed by September 2026, this project aims to boost private investment and job creation through the provision of resilient broadband connectivity that meets the needs of local residents and businesses.

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