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State wants company to return $2M Internet grant

Published: Saturday, March 29, 2014 1:15 a.m. CST

CHICAGO (AP) — The state government is trying to get $2 million in grant money back from a company that was supposed to be installing high-speed Internet service on Chicago’s South Side.

The Illinois Department of Commerce and Economic Opportunity said the company, Cincinnati-based Gigabit Squared, has failed to provide the state with information it needs to track how the money was spent.

Agency spokesman David Roeder told the Chicago Sun-Times that the company might have only used $250,000 of the grant for legitimate purpose and “has lied repeatedly.” Roeder said the agency has tried to get the $2 million back since January.

The state sent the company a letter Thursday asking if it wants an information hearing over the dispute. The company has until April 10 to respond to the letter.

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