The University Community Next Generation Innovation Project (Gig.U) and Gigabit Squared announce the nation’s first multi-community broadband gigabit deployment with the availability of $200 million in funding. Under the Gigabit Neighborhood Gateway Program, capital is available to support up to six select Gig.U member-sponsored projects. At the center of the Gigabit Neighborhood Gateway Program is the idea that communities and their local stakeholders can drive economic opportunities through private investments that leverage public capital that will accelerate the deployment and utilization of gigabit speed networks.
Gigabit Squared created the Gigabit Neighborhood Gateway Program to help select Gig.U communities build and test gigabit speed broadband networks with speeds from 100 to 1000 times faster than what Americans have today. The Gigabit Neighborhood Gateway Program will offer communities services at a competitive price for innovative projects that range from small neighborhoods of 5,000 to 10,000 and up to 100,000 people. Selections will be announced between November 2012 and March 2013.