Centranet LLC

PROJECT PURPOSE

Most of the population of 625 of the town of Carney 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 town of Carney 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 Carney. 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

Carney has a poverty rate of over 20% and a median income of $40,391 which is much lower than the US or Oklahoma median income. The lack of high speed internet specially during the time of pandemic when remote work and distance learning are a requirement, have been devastating for the population. A FTTH project that brings 1000 Mbps internet in to the town will help Carney enter the digital age and participate in the digital economy.

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