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23 small Vermont towns and townships banded together in 2008 to explore building a broadband network. They created a nonprofit corporation and raised over $1.2 million in two funding rounds offering $2,500 promissory notes. They built a network. So, what are you waiting for?
Tim and Leslie Nulty, who are driving forces behind the Vermont nonprofit ECFiber, explain what they did and how your community can do it too. It's hard work, but it definitely isn't rocket science.
The Nulty's describe the in's and out's of structuring a nonprofit, developing a community investment vehicle and using the "leaf frog" approach to raising money, building infrastructure, selling services, building more infrastructure. Communities can either complain about how bad broadband is, or they can do something about it. This show is for those willing to take the latter road less traveled and reap a greater reward.
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It's good to talk.