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Jun 06, 2024
4 min

3 Reasons Why You Shouldn't Let BEAD Funding Pass You By

The Broadband Equity Access and Deployment (BEAD) program is no secret to the industry. With $42.5 billion available to help every state and territory close the digital divide, the program is on the mind of many broadband service providers (BSPs) across America. 
 

Yet, despite its potential, BEAD does not come without its challenges and uncertainties. The process can be overwhelming for some, which can discourage participation in the program. Concerns are largely centered around the application, qualification, and regulatory compliance. In other words, will it be worth it to participate? 
 

There are several reasons why it will be worth applying and participating in the BEAD program. Here are just a few: 

  1. Bridging the digital divide. 
    At its core, BEAD aims to ensure equitable access to high-speed broadband internet for all Americans, regardless of their geographical location. By closing this connectivity gap, communities can flourish, bolstered by the economic opportunities and social connectivity that robust internet infrastructure supports. Furthermore, closing this gap can also stimulate job growth and support local businesses, fostering economic resilience and vitality. 

  2. Strategic advantage through the challenge process. 
    Participating in the challenge process, wherein other providers may seek to overbuild in your service areas, is crucial for maintaining a competitive edge. Even if you don’t have any intention to apply for BEAD funds, active involvement in this process is strategic. It safeguards your position in the market and prevents potential encroachment by other competitors, ensuring your continued relevance and viability in the market. Furthermore, it also ensures that the locations that receive funding are truly those that need it.

  3. BEAD funding is not limited to just the infrastructure. 
    BEAD funding extends beyond infrastructure deployment, encompassing a spectrum of activities vital for community empowerment. It can supplement your entire business, paying for non-deployment activities like digital literacy education, low-income support, and disability connectivity. This paves the path for future success, enabling you to stand out as a community leader with a long-term plan for more than just your network.
     

Note: Each state and territory will roll out their specific guidelines, all compliant with federal regulations. Your local broadband office will have the latest information, so it's wise to contact them right now.

 

In conclusion, while navigating the intricacies of the BEAD program may present challenges, the potential benefits far outweigh the obstacles. By seizing the opportunities afforded by BEAD, BSPs can play a pivotal role in shaping a more connected, equitable future for all Americans. 
 

Allow Calix to assist you with this process. We can help you through the entire funding process, from researching programs to applying and winning funds. And with our recently announced Ready.net partnership, we’ve made BEAD applications easier than ever. You can now work with us and leverage the powerful tools and streamlined portal to apply for and win grant funds, secure capital, and adhere to public funding requirements. 

 

To learn everything you need to know about funding, download "The Ultimate Guide to Broadband Funding: How To Win Funds for Your Broadband Business” or schedule a free funding consult with us.

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