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ECFiber: Significant Expansion in the Vermont Crowd-Funded Network

| Written by Lisa Gonzalez | No Comments | Updated on Oct 22, 2013 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/ecfiber-significant-expansion-in-the-vermont-crowd-funded-network/

The East Central Vermont Community Fiber Network (ECFiber) continues to grow, tripling in size in just the past year. We reported last summer that the community owned network had raised the funding for an expansion. Fundraising and reach surpassed the original expansion plan and the network now boasts 180 miles. 

The Valley News recently reported that:

Next year, ECFiber plans to focus on connecting customers in unserved parts of Royalton, Strafford, Norwich, Tunbridge and Sharon.

ECFiber is seeking additional investment during this quarter to finance the work next year, and has set a goal of having more than 1,000 customers connected by the end of 2014.

ECFiber seeks funding by selling tax-exempt promissory notes to local investors. There are 23 member towns in the ECFiber consortium, including Montpelier. For detailed maps of service area and planned expansions, check out the ECFiber’s Where Are We Working page.

The article goes on to note that Tim Nulty is planning to retire from his position as CEO of ValleyNet, the nonprofit behind ECFiber. Nulty will take on the role of board Chairman. Leslie Nulty will also shift from project coordinator and will continue as a ValleyNet board member. 

Leslie visited with Chris in the Broadband Bits podcast episode #9. She shared ECFiber’s history and the two discussed the community owned network model that is ECFiber.