Indiana signs BEAD contracts with 24 ISPs, deploying over $400M in broadband
Indiana Governor Mike Braun announced that 24 internet service providers signed BEAD contracts securing over $400 million to expand broadband, with 122,000 Hoosier homes and businesses set to receive service. The state is now preparing a second BEAD application round for addresses not covered in this initial award.
Award amount: $400.0M
What this means for BEAD compliance
The 24 ISPs that signed Indiana BEAD contracts, plus other providers awaiting the state's planned second application round for unserved locations.
Execution of these contracts moves the 24 awardees into active deployment, triggering the 24-month build-out clock, reimbursement-based disbursement procedures, quarterly address and financial status reporting, Davis-Bacon labor compliance, and fiber prioritization and speed/latency performance requirements. Awardees must also establish Letters of Credit, default risk monitoring, and NEPA/environmental review milestones before construction can proceed on each location. Failure to meet these newly-activated obligations risks clawback of funds or default remediation under Indiana's BEAD program rules.
Opportunity: ISPs not included in this initial award round can prepare to apply in Indiana's upcoming second BEAD application round targeting remaining unserved and underserved addresses.
Analysis by BeadComply Compliance Intelligence, grounded in the BEAD requirements registry.
Won a BEAD award in Indiana? See Indiana's program status and compliance requirements →
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