Outside Money to Support Scandia - RevisedOutside Money to Support Scandia’s Internet Expansion
2021 (Booked) = 213 Households:
DEED (State of Minnesota Funding) $ 78,824
MidCo (DEED Project) = 79 Households $190,320
MidCo (Paris Ave. N) = 11 Households $ 51,260 *
MidCo (Quality Trail) = 61 Households $142,000
MidCo (Unduplicated RDOF) = 62 Households $288,920 *
Total 2021 (Booked) $751,234
Scandia’s Share $250,000 = 33%
3 to 1 outside match.
Notes:
*2019 DEED Grant cost per home in Scandia about $4,660 used as estimate.
Minnesota state average cost per home is $5,527.
Midco’s labor and materials costs for Broadband build out went from $5 to $7 per foot in 2020 to $12 to $14 a foot in 2021.
213 homes serving 562 residents.