Report: BTOP has zero project completions
Dec 13, 2011 4:15 PM
From Yahoo News: As of the third quarter of 2011, no projects from the federal government’s Broadband Technology Opportunities Program — a technology stimulus program funded by the American Recovery and Reinvestment Act of 2009 — have been completed.
Recovery.gov says that 3,442 jobs were created by BTOP in the third quarter of 2011. BTOP also awarded 648 grants in that quarter, but no contracts or loans.
The BTOP funds were awarded by September 30, 2010, according to NTIA‘s own description of the program. Recovery.gov states that 2,806 projects, or 81.5 percent, are still less than halfway complete.
The funds awarded for BTOP totaled over $4 billion, and the average award was $6,217,509, according to Recovery.gov.
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