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Economic fundraising is a proven practice that could net a community several million dollars for its broadband buildout if executed properly. Tom DiFiore, who has helped communities nationwide raise over $1.7 billion for economic development projects, shares tips on how to recruit enthusiastic investors from within your city and neighboring areas.
The concept is simple, but be prepared for a lot of hard work. DiFiore explains how to recruit people who’ll invest an amount greater than the cost of broadband services in return for a piece of the action – when that action includes improvements in the local economy. Hospitals, your largest businesses, well-to-do individuals and others with a vested interest in seeing your community’s economy improve are ideal candidates.
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