T-Mobile Hometown Grants Reach 25 New Communities, Bringing the Grand Total to Over $14 Million in Funding
T-Mobile (NASDAQ: TMUS) has announced its latest 25 Hometown Grant recipients, each receiving up to $50,000 for local development projects. This brings the total funding to over $14 million across 325 communities in 47 states since April 2021. The program has generated 86,000 volunteer hours to date.
Projects include renovating historic buildings, creating inclusive community spaces, and improving local infrastructure. T-Mobile's commitment extends beyond grants, with initiatives like Project 10Million addressing the digital divide and Friday Night 5G Lights offering a $2 million football field makeover to a small town high school.
The Un-carrier partners with Main Street America to select grant recipients based on community impact and feasibility. T-Mobile's efforts also include providing 5G Home Internet and Business Internet to ensure connectivity in rural areas.
T-Mobile (NASDAQ: TMUS) ha annunciato i suoi ultimi 25 vincitori di Hometown Grant, ciascuno ricevendo fino a $50.000 per progetti di sviluppo locale. Questo porta il finanziamento totale a oltre $14 milioni distribuiti in 325 comunità in 47 stati da aprile 2021. Il programma ha generato 86.000 ore di volontariato fino ad oggi.
I progetti includono la ristrutturazione di edifici storici, la creazione di spazi comunitari inclusivi e il miglioramento delle infrastrutture locali. L'impegno di T-Mobile si estende oltre i finanziamenti, con iniziative come il Progetto 10Million che affronta il divario digitale e Friday Night 5G Lights che offre una ristrutturazione da $2 milioni per il campo da football di una piccola scuola superiore.
L'Un-carrier collabora con Main Street America per selezionare i destinatari dei grant sulla base dell'impatto comunitario e della fattibilità. Gli sforzi di T-Mobile includono anche la fornitura di Internet domestico e aziendale 5G per garantire la connettività nelle aree rurali.
T-Mobile (NASDAQ: TMUS) ha anunciado a los 25 ganadores más recientes de su Hometown Grant, cada uno recibiendo hasta $50,000 para proyectos de desarrollo local. Esto eleva el financiamiento total a más de $14 millones en 325 comunidades en 47 estados desde abril de 2021. El programa ha generado 86,000 horas de voluntariado hasta la fecha.
Los proyectos incluyen la renovación de edificios históricos, la creación de espacios comunitarios inclusivos y la mejora de la infraestructura local. El compromiso de T-Mobile se extiende más allá de las subvenciones, con iniciativas como el Proyecto 10Million que aborda la brecha digital y Friday Night 5G Lights que ofrece una remodelación de $2 millones para un campo de fútbol de una pequeña escuela secundaria.
El Un-carrier se asocia con Main Street America para seleccionar a los beneficiarios de las subvenciones en función del impacto comunitario y la viabilidad. Los esfuerzos de T-Mobile también incluyen la provisión de Internet 5G para el hogar y para empresas, asegurando la conectividad en áreas rurales.
T-Mobile (NASDAQ: TMUS)는 지역 개발 프로젝트를 위해 각각 최대 $50,000를 지원받는 25명의 최신 Hometown Grant 수혜자를 발표했습니다. 이는 2021년 4월 이후 47개 주의 325개 지역 사회에 걸쳐 총 지원금이 $14백만을 초과함을 의미합니다. 이 프로그램은 현재까지 86,000시간의 자원봉사를 생성했습니다.
프로젝트에는 역사적인 건물 Renovation, 포괄적인 커뮤니티 공간 생성, 지역 인프라 개선 등이 포함됩니다. T-Mobile의 헌신은 Grant를 넘어, 디지털 격차를 줄이기 위한 Project 10Million 및 작은 타운 고등학교에 $2백만 규모의 축구장 변화를 제공하는 Friday Night 5G Lights와 같은 이니셔티브를 포함합니다.
Un-carrier는 Main Street America와 협력하여 지역 사회의 영향과 실행 가능성을 기준으로 Grant 수령자를 선정합니다. T-Mobile의 노력에는 농촌 지역에서의 연결성을 보장하기 위해 5G 홈 인터넷 및 비즈니스 인터넷 제공도 포함됩니다.
T-Mobile (NASDAQ: TMUS) a annoncé ses 25 derniers lauréats de la subvention Hometown Grant, chacun recevant jusqu'à 50 000 $ pour des projets de développement locaux. Cela porte le financement total à plus de 14 millions de dollars dans 325 communautés dans 47 états depuis avril 2021. Le programme a généré à ce jour 86 000 heures de bénévolat.
Les projets incluent la rénovation de bâtiments historiques, la création d'espaces communautaires inclusifs et l'amélioration des infrastructures locales. L'engagement de T-Mobile va au-delà des subventions, avec des initiatives telles que le Project 10Million qui s'attaque à la fracture numérique et Friday Night 5G Lights offrant une rénovation de terrain de football de 2 millions de dollars à un petit lycée.
L'Un-carrier s'associe avec Main Street America pour sélectionner les récipiendaires des subventions en fonction de l'impact communautaire et de la faisabilité. Les efforts de T-Mobile incluent également la fourniture d'Internet domestique et commercial 5G pour garantir la connectivité dans les zones rurales.
T-Mobile (NASDAQ: TMUS) hat die neuesten 25 Empfänger des Hometown Grant bekannt gegeben, die jeweils bis zu 50.000 $ für lokale Entwicklungsprojekte erhalten. Damit beläuft sich die Gesamtfinanzierung seit April 2021 auf über 14 Millionen $ in 325 Gemeinden in 47 Bundesstaaten. Das Programm hat bis heute 86.000 Freiwilligenstunden generiert.
Zu den Projekten gehören die Renovierung historischer Gebäude, die Schaffung inklusiver Gemeinschaftsräume und die Verbesserung der lokalen Infrastruktur. Das Engagement von T-Mobile geht über Zuschüsse hinaus, mit Initiativen wie dem Project 10Million, das die digitale Kluft angeht, und Friday Night 5G Lights, das einem kleinen Schulfußballfeld eine Umgestaltung im Wert von 2 Millionen $ bietet.
Der Un-carrier arbeitet mit Main Street America zusammen, um die Empfänger der Zuschüsse basierend auf der Gemeinschaftswirkung und der Umsetzbarkeit auszuwählen. Zu den Bemühungen von T-Mobile gehört auch die Bereitstellung von 5G-Home-Internet und Business-Internet, um die Konnektivität in ländlichen Gebieten sicherzustellen.
- T-Mobile has provided over $14 million in Hometown Grants to 325 communities across 47 states
- The program has generated 86,000 volunteer hours to date
- Each recipient receives up to $50,000 for local development projects
- T-Mobile is expanding its commitment through additional initiatives like Project 10Million and Friday Night 5G Lights
- None.
T-Mobile's Hometown Grants program, while commendable from a corporate social responsibility perspective, has minimal direct impact on the company's financial performance or stock value. The
However, this initiative could indirectly benefit T-Mobile by:
- Enhancing brand perception in rural areas, potentially leading to customer acquisition and retention
- Supporting the company's expansion into underserved markets, aligning with its 5G rollout strategy
- Differentiating T-Mobile from competitors in the increasingly saturated telecom market
While these benefits are long-term and difficult to quantify, they contribute to T-Mobile's overall strategy of becoming the leading 5G provider in the U.S., particularly in rural areas. Investors should view this program as a strategic investment in brand equity and market expansion rather than a significant financial driver.
From a financial perspective, T-Mobile's Hometown Grants program represents a minimal investment relative to the company's overall financial position. The
While the direct financial impact is negligible, the program could yield intangible benefits that may translate to long-term value:
- Potential increase in customer base in rural areas, supporting revenue growth
- Enhanced brand loyalty, possibly reducing churn rates
- Improved relationships with local governments, potentially easing regulatory hurdles for network expansion
Investors should note that while these grants don't materially affect T-Mobile's current financials, they align with the company's broader strategy to capture market share in underserved areas. This approach could contribute to sustained growth and competitive advantage in the long run, particularly as 5G adoption increases in rural markets.
The latest grantees will tally to 325 towns enhanced through the Un-carrier's five-year ongoing community revitalization program
T-Mobile’s Hometown Grants Reach 25 New Communities, Bringing the Grand Total to Over
The Un-carrier has provided more than
Here are the next 25 Hometown Grant recipients and their projects:
-
Montevallo, Ala. : Install sensory playground equipment with accessible parking at the Grainger Community Counseling and Wellness Clinic, providing an additional amenity to community residents in ruralAlabama seeking free mental health services. -
Safford, Ariz. : Renovate the Intermountain Centers for Human Development, Safford Community Partners’ site, including creating an inclusive lobby for patients suffering from mental health needs as well as a new space for in-person counselling sessions, which will provide life-impacting services regardless of financial or life circumstances. -
Fort Bragg, Calif. : Revitalize the historic Fort Building for use as the Tribal Learning Center to increase community awareness and visibility of the heritage and contemporary culture of the local Pomo communities. -
Hoopeston, Ill. : Complete the Lorraine Theatre restoration project by purchasing the last of equipment needed to bring back "First Run" movie screenings, providing a variety of affordable entertainment to a community that couldn't experience otherwise. -
Plainfield, Ill. : Rehabilitate the Turner-Mottinger House at Quality Hill, home to the Underground Railroad station in 1833 as well as one of Plainfield’s first founders, reflecting 1842-1847 era, to incorporate an exhibit identifying changing race relations in thePlainfield community. -
Hutchinson, Kan. : PreserveHutchinson's Historic Fox Theatre by repairing water pooling and masonry damage issues to ensure the structural integrity and longevity of the cultural landmark and enhance community pride. -
Junction City, Kan. : Beautify three alleyways in downtownJunction City , adding art, outdoor furniture, safety barricades and lighting to provide new opportunities for social interaction and play in the community. -
Berea, Ky. : Install shade structures at the Berea Ballpark Complex, improving the comfort and safety for players and spectators visiting the complex. -
Pittsfield, Maine : Revitalize and reopen the Reuse Center by performing renovations to the building which is closed from torrential wind and rainstorms; and adding public space inside and outside for a small Senior Center to honor the seniors who operate and meet at the facility. -
Granite Falls, Minn. : Complete the renovation of The YES! House in a historic Granite Falls Main Street building to foster community connection, promote artist-led solutions to community challenges, support active civic engagement, and grow local creative, economic, and social capital. -
Clarksdale, Miss. : Revitalize the area in front of J's Grocery inClarksdale with a mural, outdoor furniture, bike racks, sunshades, planters, life-size games, pedestrian safety modifications, and an activation space to support healthy food purchases while fostering community connections and creative expression. -
Henderson, N.C. : Purchase a vehicle to reach more remote communities, expanding the HUBZone Technology Initiative: collecting donated tech equipment and converting it to Chromebooks for individuals who need them for professional or educational advancement. -
Goffstown, N.H. : Build permanent ADA-compliant restroom facilities at the Goffstown Junior Baseball Field, enhancing the experience of all spectators, fans and volunteers. -
Allentown, N.J. : Launch Unity Kitchen to ensure seniors have access to nutritious food, promote good health, improve quality of life and foster community engagement. -
Stanhope, N.J. : Renovate Lenape Valley Regional High School’s district auditorium, including updates to the sound system and stage area, to continue to host functions and districtwide events. -
Bath, N.Y. : Upgrade Pulteney Park’s electrical infrastructure, providing a dedicated event space that will bring the community together and promote residential and business growth. -
Columbiana, Ohio : Launch the Garden of Eatin', an inclusive community space offering art, dining, entertainment, and small business growth for the entire community, created by students participating in Columbiana High School’s Creative Entrepreneurship Class. -
Wooster, Ohio : Revitalize the downtown Lyric Theater into an inclusive community space, adding a family restroom and ADA-compliant infrastructure such as a hallway ramp, audio headsets and closed-captioning equipment to serveWayne County's residents with disabilities. -
Madras, Ore. : Help Trust for Public Land transform the outdated 2.55-acre schoolyard at Madras Elementary School into an inviting accessible park open to everyone outside of school hours, serving the community and the town’s multi-generational residents. -
Brownsville, Tenn. : Create Downtown Art in The Alley, a collection of outdoor public art murals highlighting the musical and cultural heritage of the area. -
Shelbyville, Tenn. : Renovate an unused courtyard inShelbyville's town square into a vibrant space for recreational activities to foster local connections, support small businesses, create a family-friendly environment and enhance community well-being and engagement. -
Hurricane, Utah : Build a Veterans Memorial Park to recognize community members who have served across military branches. -
Vernal, Utah : Create a new festive public gathering space in historic downtown, including a dinosaur-shade structure to support businesses and build community connections. -
Stanwood, Wash. : Construct an outdoor learning space for the Community Resource Center of Stanwood Camano’s youth programs, including a new garden space and amphitheater for events, presenters and performances. -
Osceola, Wis. : Build Osceola Skatepark, a dedicated public space for action sports enthusiasts of all ages that encourages physical and mental wellbeing through recreation, self-expression and community.
To select Hometown Grant recipients, T-Mobile partners with Main Street America to oversee the grant program and assess applications based on their level of detail, community impact, feasibility and other considerations. Learn more about Main Street America’s work to advance shared prosperity, create resilient economies and improve quality of life here.
T-Mobile's Hometown Grants commitment goes beyond community development programs. The Un-carrier has awarded more than
In addition, initiatives like Project 10Million offer internet connectivity and mobile hotspots to eligible student households to help close the digital divide and Friday Night 5G Lights is a competition currently underway to give a
As the country’s largest and fastest 5G network, T-Mobile is all in on making sure that no community, big or small, gets left behind. Plus, T-Mobile 5G Home Internet and Business Internet give homes and businesses across the country access to reliable and affordable broadband options.
For more information about T-Mobile's commitment to small towns, visit www.t-mobile.com/hometowngrants. And to see how Hometown Grants are creating change, go here.
Follow @TMobileNews on X, formerly known as Twitter, to stay up to date with the latest company news.
T-Mobile 5G Home Internet: Not available in all areas. Delivered via 5G cellular network; speeds vary due to factors affecting cellular networks. Project 10Million: Verify National School Lunch Program eligibility at signup.
About T-Mobile
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911069477/en/
Media Contact
T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
Investor Relations Contact
T-Mobile US, Inc.
Investor.Relations@t-mobile.com
https://investor.t-mobile.com
Source: T-Mobile
FAQ
How much has T-Mobile (TMUS) invested in its Hometown Grants program?
How many communities have received T-Mobile (TMUS) Hometown Grants?
What is the maximum amount each T-Mobile (TMUS) Hometown Grant recipient can receive?
How many volunteer hours has the T-Mobile (TMUS) Hometown Grants program generated?
