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Private credit markets have been in the headlines this week.
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Jared Mauch, the Michigan man who built a fiber-to-the-home internet provider because he couldn't get good broadband service from AT&T or Comcast, is expanding with the help of $2.6 million in government money.
When we wrote about Mauch in January 2021, he was providing service to about 30 rural homes, including his own, with his ISP, Washtenaw Fiber Properties LLC. Mauch now has about 70 customers and will extend his network to nearly 600 more properties using money from the American Rescue Plan's Coronavirus State and Local Fiscal Recovery Funds, he told Ars in a phone interview in mid-July.
The US government allocated Washtenaw County $71 million for a variety of infrastructure projects, and the county devoted a portion to broadband. The county conducted a broadband study before the pandemic to identify unserved locations, Mauch said.