Project Funding

Business Planning

Our Finance and Executive Committees are working on finalizing a business case that includes detailed projected pro-forma financial statements and a business plan. Once finalized, WiredWest will be able to seek financing.

Project Financing

WiredWest’s biggest challenge will be implementing a financing strategy that allows our network to be built out in a timely fashion. To develop such a strategy, we need to look at all available funding options, including:

• Local notes with capitalized interest to provide start-up funds;
• Grants and loans from state, federal and private sources;
• Municipal bonds through the authority of the Cooperative;
• Loan guaranties to make our bond offerings more attractive to investors;
• Public-private partnerships;

WiredWest is working with appropriate financial expertise to structure the business model and potential investment vehicles to be attractive to potential investors without placing undue pressure on debt service costs.

It’s important to note that the bulk of the community’s investment in broadband infrastructure will be in passive infrastructure that will have a conservative life span of thirty years or more. This is ample time for the project to recoup not only the initial capital investment, but also to receive regular income from the project.

Project Sponsorship & Fiduciary

Hilltown Community Development Corporation and WiredWest have entered into a sponsoring agreement to assist with administering grants, and issuing tax deductible receipts for donations towards WiredWest start up activities.

Funding Current Efforts

Ongoing expenses incurred from planning, including consultant and legal fees, have been met thus far by Committee and Delegate donations, and generous financial and in-kind contributions from WiredWest’s Partners and Supporters. This has amounted to close to $125,000 in direct donations and grants, in addition to hundreds of hours of volunteer effort..

However, we continue to require support to complete a comprehensive business plan that will enable us to proceed in an expedient manner. If the proposed WiredWest network will benefit you, your family or your business, we ask you to consider supporting the effort. On the top right of this page is a Donate button that enables donations via PayPal. Alternatively, a check can be sent to WiredWest at our address here.