Reconnect treas rate 50-50 loan-grant infrastructure invest and jobs act grant

The Department of Agriculture's Rural Utilities Service awarded a $12.19 million Project Grant to Thacker-Grigsby Telephone Company, Incorporated on September 7, 2022 to support broadband infrastructure deployment and connectivity in Hindman, Kentucky. The funding will support Thacker-Grigsby's efforts to expand broadband access in rural areas as part of the ReConnect Program's goal of facilitating internet access in underserved rural communities without sufficient broadband access. Specifically, the grant will help Thacker-Grigsby, doing business as Thacker Grigsby Internet, deploy broadband infrastructure to provide high-speed internet access and related digital opportunities to residents of Hindman, KY through September 2024. The ReConnect Program aims to close the digital divide in rural America through loans, grants, and funding combinations to expand broadband service through the Rural eConnectivity Pilot Program (CFDA #10.752).