Neighborly Launches Network Accelerator for community broadband

Published:

Aug 22, 2018


Source:

Neighborly

Published:

Aug 22, 2018


Source:

Neighborly


Share:

Secure, stable access to information via the internet is the fresh water equivalent of our time: broadband networks are the 21st century bridges between our communities and economic opportunity.

A reliable, affordable Internet connection has become an essential public good for communities fighting to keep pace with the ever-changing economic, social and environmental landscape; community owned broadband networks spur economic development, increase digital equity and income equality, advance research, encourage innovation and create new growth opportunities — all alongside generating local tax revenue and lowering the price of Internet access.

That’s why we’re launching the Neighborly Networks Accelerator designed to supercharge community broadband ambitions. As part of the program, communities will have access to industry experts, service providers, Neighborly financing at a competitive, below industry rate cost and the Neighborly Capital Network.

According to FCC estimates, approximately 19 million Americans — 6 percent of the population—still lack access to fixed broadband service at threshold speeds. In rural areas, nearly one-fourth of the population —14.5 million people—lack access, and in tribal areas, nearly one-third of the population is being left behind.

In every single state, some portion of the population does not have access to broadband, and some residents have no Internet access at all. Even with significant federal and state subsidies in recent decades, incumbent Internet Service Providers (ISPs) have failed to provide equitable and affordable broadband access.

“For too long, we’ve operated in this sub-optimal status quo; for too long, residents in communities across the country have been disconnected from access to information and cut-off from economic opportunity,” said Neighborly Founder and CEO, Jase Wilson. “We believe communities can and should own their own broadband networks and we want to bring together all the experts and services they need to make their broadband ambitions a reality.”

The Neighborly Networks Accelerator will guide communities through a beginning-to-end program. Admission to the program is free and will include:

  • Tools to map, multiply & accelerate community engagement, including demand aggregation technology and marketing collateral to build a grassroots movement
  • Education sessions with leading experts who will share best practices for generating local support, working with civic leaders, overcoming legislative barriers, and designing, building and maintaining a network
  • Access to industry partners, including ISPs, network engineers, network builders, local utilities and advocacy groups at a local and national level
  • Neighborly financing at a competitive, below industry rate cost, and access to the global Neighborly Capital Network
We believe communities across the country can and should build their own networks to secure universal access to information, build resilience and boost self reliance.

Share:

The views expressed here are those of the individual FinTech Collective LLC (together with its affiliates “FTC”) personnel quoted and are not the views of FTC or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by FTC. While taken from sources believed to be reliable, FTC has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; FTC has not reviewed such advertisements and does not endorse any advertising content contained therein.

Any designations found herein have been made by a third party, and although FTC has no reason to believe that such designations, or the criteria for being considered for such designations, are inaccurate or misleading, FTC does not guarantee its accuracy, and such designations may be incomplete or condensed. No compensation was paid in exchange for any designations, endorsements, or testimonials found herein. The hyperlinks referred to herein are provided for your reference only.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. This content does not constitute an offering or form part of any offering or any solicitation of any offer to subscribe to or purchase any investment by FTC, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with any contract therefore. Any such offer will be made only by means of definitive investment offering documents. The information included herein is subject to change without notice to any recipient. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by FTC, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by FTC (excluding investments for which the issuer has not provided permission for FTC to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://www.fintech.io/portfolio and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://www.fintech.io/disclosures for additional important information.