Requires forty percent of broadband development grants be distributed to urban areas

This bill requires that 40% of broadband development grants be awarded to projects serving unserved and underserved areas within urban regions. It establishes a priority system for the Department of Economic Development to evaluate grant applications based on criteria such as financial capability, service speed, and support for community institutions like libraries and schools. By mandating a specific portion of funding for urban areas, the legislation aims to ensure that city environments receive a dedicated share of resources for internet infrastructure expansion.