Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone
    • Zee Business Mutual Fund Awards 2025: Industry leaders, top fund houses honoured across 9 categories
    • Private-credit ETFs are here. Why your -2-
    • Best mutual Fund types for retirement planning – Money Insights News
    • Spot Bitcoin ETFs See $812M Outflow as Ether ETFs Break 20-Day Inflow Streak
    • SECP launches strategic steps to transform mutual funds industry – Business & Finance
    • Top 3 Mutual Funds in India that gave highest returns over 5 years
    • Hochul blames ‘lack of investments’ for MTA’s hellish service meltdowns, even as bloated transit agency eyes fare hike to $3
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Federal Funds and State Regulations: Pennsylvania’s Broadband Expansion in Jeopardy
    Funds

    Federal Funds and State Regulations: Pennsylvania’s Broadband Expansion in Jeopardy

    August 17, 2024


    Pennsylvania’s ambitious plans to expand broadband connectivity using federal funds could be hindered by state labor classifications, according to the Broadband Communications Association of Pennsylvania (BCAP). The association warns that the classification of workers as high-cost electric linemen instead of teledata linemen or cable splicers could inflate project costs, potentially stalling progress.

    BCAP President Todd Eachus highlighted the pressing issue of prevailing wage statutes in a recent press release, noting that the misclassification could lead to inflated costs as federal funding begins to roll out over the next few years. “The No. 1 issue in Pennsylvania is the prevailing wage statute,” Eachus stated. “We have simply asked for an appropriate classification of teledata lineman or cable splicer instead of the vastly more expensive electric lineman.”

    The federal Broadband Equity Access and Development (BEAD) program, which has yet to distribute funds since its approval in 2021, aims to identify and connect unserved and underserved areas. Over 330,000 locations in Pennsylvania have been identified as needing service. The Pennsylvania Broadband Development Authority is currently accepting grant applications and will submit a final proposal in May 2025, with plans to continue spending through 2032.

    Eachus, who also serves on the PBDA’s technical sub-committee, voiced these concerns in August during a roundtable with FCC Commissioner Brendan Carr, hosted by Congressman John Joyce. Topics such as permitting processes and pole attachment delays were discussed, highlighting the bureaucratic challenges facing broadband deployment.

    Commissioner Carr expressed support for reforms, stressing the urgency of the situation. “It has been 995 days since the bill was passed but not a single home or business has been connected,” Carr remarked, emphasizing the need for a course correction.

    Critics argue that the BEAD program’s complexity and slow rollout have not only delayed progress but have also led to increased costs due to inflation, with estimates suggesting a 20%-30% rise in expenses since the program’s inception. Doug Dawson, a telecoms consultant, criticized the delays, suggesting that states could have achieved more if the funds had been released earlier. “If you would’ve given the money to states in 2020 and said, ‘you just go get it built,’ they would’ve gotten twice as much done with the money than they will because of all this nonsense,” Dawson said.

    As Pennsylvania continues to navigate these regulatory and financial challenges, the path to widespread broadband access remains fraught with potential obstacles.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SECP launches strategic steps to transform mutual funds industry – Business & Finance

    August 1, 2025

    Family fun day in Brean today will raise children’s charity funds

    August 1, 2025

    Trump administration releases $1 billion in California frozen education funds – East Bay Times

    August 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Mutual Funds

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025

    In a grand celebration of performance, trust, and investor-first thinking, Zee Business on Friday (August…

    Zee Business Mutual Fund Awards 2025: Industry leaders, top fund houses honoured across 9 categories

    August 2, 2025

    Private-credit ETFs are here. Why your -2-

    August 2, 2025

    Best mutual Fund types for retirement planning – Money Insights News

    August 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Greece Draft Tourism Budget for 2025 Proposes Higher Investment Thresholds for Golden Visa Program

    October 12, 2024

    Index Funds see a 12-fold surge in total retail folios, AUM more than Rs 2.13 lakh cr: Zerodha report

    July 27, 2024

    July flows see bond bonanza as interest rate-cut optimism persists

    August 15, 2024
    Our Picks

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025

    Zee Business Mutual Fund Awards 2025: Industry leaders, top fund houses honoured across 9 categories

    August 2, 2025

    Private-credit ETFs are here. Why your -2-

    August 2, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.