• TERRA Video Photo

    TERRA Network

  • detail image of project

    $10 Million NMTC Allocation Helps Connect a Distressed, Alaskan Community via Internet

  • detail image of project

    $10 Million NMTC Allocation Helps Connect a Distressed, Alaskan Community via Internet

  • detail image of project

    $10 Million NMTC Allocation Helps Connect a Distressed, Alaskan Community via Internet

  • detail image of project

    $10 Million NMTC Allocation Helps Connect a Distressed, Alaskan Community via Internet

  • detail image of project

    $10 Million NMTC Allocation Helps Connect a Distressed, Alaskan Community via Internet

TERRA Network

The TERRA Network is a new fiber-optic microwave network under development by General Communication Inc. (GCI). Once complete, it will extend broadband Internet access to the remote villages of Kiana, Noatak, Deering, and Kotlik – an Alaskan Native Village Statistical Area.

Clearinghouse CDFI provided $10 million of NMTC allocation to GCI and will manage the funds through its subsidiary Community Development Entity (CDE). US Bancorp Community Development Corporation was the investor.

The new TERRA broadband network delivers widespread education, healthcare, economic, and public safety benefits throughout Northwest Alaska. The project created 13 permanent jobs and 100 construction jobs paying a salary averaging 1.9 times the area living wage.

Download the full story here: Just Funded – TERRA – FINAL

Read more about TERRA at http://terra.gci.com.

Financing Provided:
$10 Million of NMTC Allocation
Location:
Northwest Alaska, AK
Impact:
- Delivers education, healthcare, economic, and public safety benefits,
- Created over 100 new jobs
Purpose:
- Extends essential Internet communication to remote, Northwest Alaskan villages
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