Pivot-Tech to Use Municipal Bonds to Build Fiber in Illinois, Idaho

Pivot-Tech Development received two grants to deploy broadband in Illinois and Idaho, CEO Jim Cannon wrote Thursday in a blog post. The company received a "full grant" for Illinois' broadband project in Kendall County, Cannon wrote, adding that an additional $30 million in tax-exempt municipal bonds will be raised over the next two years for the project's first phase. In Idaho, the Port of Lewiston selected Pivot-Tech to build a city-wide fiber network. Cannon said this will be funded by about $30 million in tax-exempt municipal bonds. Cannon didn't comment.