The FCC’s authorization of $121 million in funding will bring broadband service to 36,579 “unserved rural homes and businesses in 16 states” over the next decade. This move represents the “fourth wave of support” from the 2018 Connect America Fund Phase II auction. Providers will receive funding this month. Approximately 17% of businesses are in rural parts of the country, despite the fact that 97% of the U.S. is classified as rural.

Businesses in rural America will benefit from a push to bring broadband internet to 16 states over the coming years after the Federal Communications Commission’s (FCC) decision to approve $121 million in funding for the project.

The FCC’s approval yesterday is the fourth wave of support for last year’s Connect America Fund Phase II auction, which allotted nearly $1.5 billion to expand broadband internet connections to “more than 700,000 unserved rural homes and small businesses” over the next decade. This latest approval brings the total amount authorized to more than $924 million and brings connectivity to more than 342,000 homes and businesses. The three previous waves of funding were authorized in May, June and July of this year.

FCC Chairman Ajit Pai called the decision “another step toward

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