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Board authorizes about $4.6 million in CPF funds for Verizon broadband projects in Portsmouth and Tiverton
Summary
The board authorized a contract to Verizon New England for approximately $4,600,000 to build last‑mile broadband in two project areas (Portsmouth and Tiverton) under the Federal Capital Projects Fund; Verizon pledged more than $10 million in matching funds and projects must be built by Dec. 31, 2026.
Staff requested authorization to award a contract to Verizon New England for roughly $4,600,000 to cover two CPF‑funded project areas in Portsmouth and Tiverton and explained the state's CPF allocation of $25,000,000 (about $19,000,000 previously approved). Staff said approving this request would nearly exhaust the CPF allocation and leave roughly $70,000 remaining; staff noted the projects must be completed by 12/31/2026.
A Verizon representative (identified in the transcript as Stephanie Reed) described Verizon's long presence in the state and commitment to accelerating investments in unserved and underserved areas. She said Verizon would bring more than $10,000,000 in matching funds for the two project areas and highlighted partnerships on digital inclusion and workforce development. Following the presentation the board moved, seconded and approved the contract by voice vote.
