What is the Capital Projects Fund?
Offered under the American Rescue Plan is the Capital Projects Fund, in which Treasury will allocate $10 billion in funding grants to eligible applicants to implement critical capital projects. States, Territories, Freely Associated State, and Tribal Governments will have a chance to apply for their share of the funding allocations under the Capital Projects Fund1. This funding program will specifically target capital projects that “directly enable work, education, and health monitoring, including remote options, in response to the negative impacts from the COVID-19 pandemic1.”
The Capital Projects Fund will not be a competitive grant program. The Commission asks that each eligible state, territory, and freely associated state submit an application and a Grant Plan1. Tribal Governments will not need to submit a Grant Plan. The application instead will serve as their Grant Plan1.
Treasury anticipates many of the grant recipients will allocate their grants towards Broadband Infrastructure projects1. As the COVID-19 pandemic further accentuated the gap in broadband coverage, it is apparent to the Commission there is a vital need to expand access to high-quality broadband service. The Commission states communities that “lack access to high-quality broadband service currently are at a disadvantage since they cannot access the service that connects them to the mandatory functions of our modern society1.”
Key Program Dates:
- State Applications due by December 27th, 2021
- Tribal Government Applications due by June 1, 2022
- Submit Grant Plan by September 24, 2022
What you need to know about the Capital Projects Fund:
Applicants – Find out which entities are eligible for funding under this funding program. Includes: States, U.S. Territories, and Tribal Governments.
Allocations – View the available funding allocations for each applicant group.
Applications Steps – Understand the requirements for applying for funding grants, critical application steps, and timeline.
Example Projects – See examples of the types of capital projects that can be funded by this funding program.
Reporting & Other Requirements – A list of all requirements you need to follow for reporting and compliance when you receive funding grants under this program.
1 – U.S. DEPARTMENT OF THE TREASURY. (2021, September). Guidance for the Coronavirus Capital Projects Fund. Retrieved October 25, 2021, from https://home.treasury.gov/system/files/136/Capital-Projects-Fund-Guidance-States-Territories-and-Freely-Associated-States.pdf
Explore program requirements
Services & data for the Capital Projects Fund
CostQuest is your guide for Broadband Infrastructure Projects
CostQuest is offering comprehensive support to federal, state, municipal governments, and service providers with a range of financial and network modeling services along with broadband datasets to help organizations efficiently make decisions around expanding broadband infrastructure.
We aim to help participating organizations close the Digital Divide as efficiently as possible in the Capital Projects Fund. By helping teams deploy service to rural and urban communities to provide all communities the same access to digital opportunities regardless of where they live. Let’s get started, tell us about your project today!
Who we work with:
- US Telecom
- New York
- South Carolina
- US Cellular
- Cinncinatti Bell
- Consolidated Comm.