Centranet LLC

PROJECT PURPOSE

Most of the population of 2700 of the City of Stroud 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 Stroud 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 Stroud. We are requesting $5,698,617.75 from the state for this project and will invest $1,899,539.25 of our money to complete the project.

EVIDENCE

None

POPULATION DESCRIPTION

The city of Stroud has a poverty rate of over 16% and a median income of $45,292 which is lower than the US median income. During the pandemic most of the population had to shift to remote work and distance learning. The lack of broadband impact the population disproportionately causing economic and social hardship.

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