Centranet LLC

PROJECT PURPOSE

Most of the population of 7650 of the City of Cushing does not have access to broadband. This takes a heavy social and economic toll on our residents keeping them from participating in remote work, distance learning and the digital economy. This is especially true during the time of the ongoing pandemic. Centranet in Collaboration with the City of Cushing is requesting funds from the State of Oklahoma and are committed to build FTTH to every household in the town. This is a last mile project that will provide access to up to gigabit speed broadband to 100% of the households in Cushing. We are requesting $15,721,085.25 from the state for this project and will invest $5,240,361.75 of our money to complete the project.

EVIDENCE

None

POPULATION DESCRIPTION

Most of the population of 7650 of the City of Cushing does not have access to broadband. This takes a heavy social and economic toll on our residents keeping them from participating in remote work, distance learning and the digital economy. This is especially true during the time of the ongoing pandemic. All of the population of Cushing has been effected during the pandemic by not having access to broadband. It has been specially difficult for children who have to move to distance learning as well as adults who have to move to remote work. Neither of these activities are possible without access to high speed broadband connections. The median income in cushing is 15% below the state average and the poverty rate is 19%

PERFORMANCE MEASURING

The project performance will be measured by milestones during a 12 month time-frame. These milestones are discussed in detail in the Project Narrative Document that is attached. The project will be completed within 12 months

ONGOING INVESTMENT AMOUNT

$

ONGOING INVESTMENT DESCRIPTION

None

ONGOING INVESTMENT REQUIRED

Able to continue operation without additional funding from the State of Oklahoma