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Broadband Grants
3 Months Ended
Mar. 31, 2018
Broadband Grants [Abstract]  
Broadband Grants [Text Block]

Note 13 – Broadband Grants


In January 2017, the Company was awarded $1,889,968 in broadband grants from the Minnesota Department of Employment and Economic Development (DEED). 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 receive $850,486 of the total project costs. The Company will provide the remaining 55% matching funds. At March 31, 2018, the Company has received $374,543. These projects will be completed in 2018.


In November 2017, the Company was awarded $1,727,998 in broadband grants from the DEED. 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 receive $736,598 of the total project costs. The Company will provide the remaining 57.4% matching funds. Construction and expenditures for these projects will begin in 2018.