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BROADBAND GRANTS
12 Months Ended
Dec. 31, 2017
Broadband Grants [Abstract]  
Broadband Grants [Text Block]

NOTE 16 – BROADBAND GRANTS


In December 2015, the Company was awarded a $244,125 broadband grant from the Minnesota Department of Employment and Economic Development.  The grant provided up to 47.5% of the cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area.  The Company will provide the remaining 52.5% matching funds.  At December 31, 2017, the Company had received the full grant amount.


In January 2017, the Company was awarded $1,889,968 in broadband grants from the Minnesota Department of Employment and Economic Development.  The grants provided up to 45% of the cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area.  The Company will provide the remaining 55% matching funds.  At December 31, 2017, the Company has received $51,224.  These projects will be completed in 2018.


In November 2017, the Company was awarded $1,727,998 in broadband grants from the Minnesota Department of Employment and Economic Development.  The grants provided up to 42.6%  of the cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area.  The Company will provide the remaining 57.4% matching funds.  Construction and expenditures for these projects will begin in 2018.