Financing

Content tagged with "Financing"

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Mecklenburg Co-Op Celebrates 7,500 Fiber Customer Milestone

Mecklenburg Elec Coop logo
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Empower Broadband, a wholly-owned subsidiary of Virginia-based Mecklenburg Electrical Cooperative, says it has successfully deployed affordable fiber access to more than 7,500 subscribers across long-neglected and underserved portions of the Old Dominion state.

Mecklenburg Coop, created in 1938, serves 31,000 residential and business electrical customers across portions of nine Southside Virginia counties and five northern North Carolina counties. Like many cooperatives, Mecklenburg and Empower are leveraging generations-old experiences at rural electrification to migrate into the broadband business.

In 2022, the coop broke ground on a $154 million initiative to bring high-speed internet to 14,634 unserved and underserved locations in Halifax, Mecklenburg, and the southern portions of Charlotte and Brunswick counties. As of today, the Mecklenburg fiber network consists of 2,900 miles of fiber and passes by 23,443 locations, with additional expansion planned.

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Mecklenburg Co-Op Celebrates 7,500 Fiber Customer Milestone

Mecklenburg Elec Coop logo
By on

Empower Broadband, a wholly-owned subsidiary of Virginia-based Mecklenburg Electrical Cooperative, says it has successfully deployed affordable fiber access to more than 7,500 subscribers across long-neglected and underserved portions of the Old Dominion state.

Mecklenburg Coop, created in 1938, serves 31,000 residential and business electrical customers across portions of nine Southside Virginia counties and five northern North Carolina counties. Like many cooperatives, Mecklenburg and Empower are leveraging generations-old experiences at rural electrification to migrate into the broadband business.

In 2022, the coop broke ground on a $154 million initiative to bring high-speed internet to 14,634 unserved and underserved locations in Halifax, Mecklenburg, and the southern portions of Charlotte and Brunswick counties. As of today, the Mecklenburg fiber network consists of 2,900 miles of fiber and passes by 23,443 locations, with additional expansion planned.

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Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

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In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

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Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

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In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

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Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

By

In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

Read More

Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

By

In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

Read More

Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

By

In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

Read More

Capital is Power: Financing Broadband for the Long Haul - Episode 654 of the Community Broadband Bits Podcast

By

In this episode of the podcast, Chris talks with Brian Vo (Connect Humanity) and Clara Miller (Federal Reserve Bank of New York) about unlocking mission-driven capital to bring broadband to historically excluded communities.

They explore how broadband networks, like other public utilities, can be funded through creative partnerships and financial tools that align with long-term community goals.

From the early lessons of the CDFI movement to success stories like Macon County, Alabama, this conversation highlights how inclusive, community-centered financing can build sustainable Internet infrastructure for the future.

This show is 30 minutes long and can be played on this page or via Apple Podcasts or the tool of your choice using this feed.

Transcript below.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

Listen to other episodes or view all episodes in our index. See other podcasts from the Institute for Local Self-Reliance.

Thanks to Arne Huseby for the music. The song is Warm Duck Shuffle and is licensed under a Creative Commons Attribution (3.0) license

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Driving Towards Better Broadband, Maine Buckles Up For Difficult Road Ahead

MCA President Andrew Butcher sits in side door of his yellow Volkswagen van with red canoe on roof
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Maine Connectivity Authority President Andrew Butcher has his 1984 yellow Volkswagen van – affectionately known as “Buttercup” – all gassed up and ready to barnstorm across Maine this week.

Butcher and his team will visit libraries, community centers, town halls, Tribal governments, connectivity hubs, and telehealth locations all across the Pine Street State as state broadband officials and local connectivity champions celebrate the broadband expansion work that’s already been done and to gather “local insights (for) the next phase of work.”

The five-day “Driving Connections” tour will highlight broadband infrastructure investments the state has made to bring high-speed Internet access to 86,000 homes and businesses over the past several years.

MCA President Andrew Butcher seated in back of yellow Volkswagen van with a laptop on his lap smiling at camera

But, perhaps more crucial to the mission: the tour also aims to rally state leaders and local communities to continue the work, even as the Trump administration “terminated” the Digital Equity Act last month and more recently drastically altered the infrastructure-focused BEAD program – both of which have undermined state’s efforts to expand Internet connectivity and eliminate barriers to broadband adoption.

“It feels like an important time to show how we are connected to each other in more ways than just high-speed Internet connections,” Butcher told ILSR in the days leading up to the tour.

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Driving Towards Better Broadband, Maine Buckles Up For Difficult Road Ahead

MCA President Andrew Butcher sits in side door of his yellow Volkswagen van with red canoe on roof
By on

Maine Connectivity Authority President Andrew Butcher has his 1984 yellow Volkswagen van – affectionately known as “Buttercup” – all gassed up and ready to barnstorm across Maine this week.

Butcher and his team will visit libraries, community centers, town halls, Tribal governments, connectivity hubs, and telehealth locations all across the Pine Street State as state broadband officials and local connectivity champions celebrate the broadband expansion work that’s already been done and to gather “local insights (for) the next phase of work.”

The five-day “Driving Connections” tour will highlight broadband infrastructure investments the state has made to bring high-speed Internet access to 86,000 homes and businesses over the past several years.

MCA President Andrew Butcher seated in back of yellow Volkswagen van with a laptop on his lap smiling at camera

But, perhaps more crucial to the mission: the tour also aims to rally state leaders and local communities to continue the work, even as the Trump administration “terminated” the Digital Equity Act last month and more recently drastically altered the infrastructure-focused BEAD program – both of which have undermined state’s efforts to expand Internet connectivity and eliminate barriers to broadband adoption.

“It feels like an important time to show how we are connected to each other in more ways than just high-speed Internet connections,” Butcher told ILSR in the days leading up to the tour.

Read More
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