Paso Robles, California, Selects Magellan Advisors for Fiber Expansion Project
Magellan Advisors will support Paso Robles, California project for installation of approximately 11,500 feet of new fiber optic cable in the city’s existing underground conduit, and the installation of 52,500 feet of additional fiber optic cable in a new underground conduit to support the needs of the local business community.
The Paso Robles project will use funds from Department’s Economic Development Administration (EDA) $2.8 million grant to the city of Paso Robles. This EDA project will be matched with $707,489 in local funds.
This project is being funded under EDA’s Assistance to Nuclear Closure Communities program. Closures of nuclear power plants throughout the United States have had a significant impact on the economic foundations of surrounding communities through sudden job losses and a reduction to the local tax base.
To learn more how your community can also be awarded funding for broadband fiber internet, send us a message and one of our advisors will get back with you asap.