Oct 30, 2023

BEAD Program Is an Investment in a Fiber-Connected Future

Understanding utility network construction staffing needs is critical as the BEAD Funding Program (Broadband Equity, Access, and Deployment) reshapes the broadband landscape. Access to the internet is no longer a luxury—it’s essential for economic growth, public safety, and education. The “Internet for All” initiative is a federal effort to close the digital divide, distributing funds partly based on the number of unserved locations in each state.

What is the BEAD Program?

The BEAD Program offers $42.5 billion in federal grants to expand high-speed internet access. Funded by the Bipartisan Infrastructure Law (BIL), this initiative aims to connect all Americans by funding partnerships between states, territories, communities, and stakeholders. These funds help build necessary infrastructure and increase broadband adoption.

Funding rolls out in phases. States, Washington, D.C., and territories submitted Letters of Intent by July 2022. Afterward, they could request Initial Planning Funds, with more funds released over several years.

Why Utility Network Construction Staffing Matters

The potential impact of BEAD funding is immense. McKinsey calls this “one of the largest public investments in connectivity since the creation of the Interstate Highway System.” This initiative promises to drive innovation, create jobs, and launch the U.S. toward a more equitable future.

Yet without skilled labor, these goals remain out of reach. In today’s world, internet access is tied to opportunity. Those without reliable connectivity miss out on jobs, education, and access to essential services. Bridging the broadband gap requires a workforce equipped to meet the challenge.

BEAD’s Impact on Telecommunications, Utilities, and IT

For telecom, utilities, and IT, BEAD represents a major opportunity. The Treasury identified three key project categories:

  • Broadband Infrastructure Projects: Constructing and deploying broadband networks.

  • Digital Connectivity Technology Projects: Installing devices and equipment to expand broadband access.

  • Multi-Purpose Community Facility Projects: Building or improving spaces that support work, education, and healthcare.

However, workforce turnover is a significant hurdle. With turnover rates around 57% in construction and 55% in utilities, and with high capital expenditures and regulatory challenges, closing the digital divide requires more than money—it demands people.

The Role of Fiber and HNM Systems

BEAD supports all-fiber network builds, considered the most reliable means to meet program goals. Fiber optic networks form the backbone of high-speed data transmission, enabling 5G networks and IoT applications. Combining 5G with fiber routing creates a seamless communication ecosystem.

The surge in demand, combined with unprecedented funding, will bring fierce competition and innovation. According to industry leaders, this will result in better services, lower prices, and more job creation. But it also creates intense demand for the specialized labor HNM Systems excels at providing.

Staffing Solutions to Meet BEAD Funding Goals

The telecommunications workforce has declined by 23% over the past decade, shrinking from 854,200 workers in 2013 to 656,700 in 2023. Yet the Internet for All initiative is expected to create more than 150,000 telecom jobs. The Brookings Institution estimates that $80 billion in broadband deployment will create roughly 200,000 job-years across about 130 occupations.

To meet these needs, businesses and states will rely heavily on specialized staffing solutions. HNM Systems is ready to partner with companies to win BEAD project bids and meet high-volume hiring demands. Our expertise in utility network construction staffing enables clients to make the most of funding opportunities while driving innovation and scaling quickly.

Partnering for Success

“In partnership, we will leverage the necessary resources to foster innovation, ensure continued success, and, most importantly, enhance millions of lives,” says Heather Moyer, President and CEO of HNM Systems. “We couldn’t be more excited about the future.”

Want to learn how HNM Systems can help you navigate BEAD opportunities and meet your utility network construction staffing needs? Let’s connect.