Organization RS Fiber Cooperative
Communities Covered Most of Sibley (13 townships), 4 townships (Renville county) 10 cities - Fairfax, Gibbon, Winthrop, Gaylord, New Auburn, Green Isle, Brownton, Stewart, Buffalo Lake, Lafayette
Goals of the Network

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**NOTE: Network has not been built yet. Change the way their residents live, learn, work and play. Enhance quality of life for residents and students by building fiber to homes and farms. (650 sq. mile area) Offer symmetrical Gigabit connection.

Goals Achieved

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**None achieved yet, because fiber network has not been built.** Here's what they have done: Organized 10 communities and 17 townships in order to market idea of fiber network successfully. 56% responded they would take service from the cooperative. (first 70% of homes to sign up will get connection free). Working on financing. 2 boards - Joint Powers Board (27 members - cities and townships) They are going to sell tax abatement bond 13.7 million, then lend to the cooperative as economic development to leverage additional 42 million in primary financing from sources including USDA, local bank consortium, etc. Construction to begin spring/summer 2015. They are a US Ignite community. They hope to develop an application for agriculture. Their focus is on maximizing customers, not profit. (website has more info)

The Network's Impact
  • Impacted/impacting all four equally
Initial Investment Amount $55,000,000.00
Investment Covered Yes
Source of Investment
  • Bonds
  • Financial institution (bank, investment firm)
Investment Repaid? Repayment date estimated
Should be repaid by 01/01/2041
Services offered
  • Retail sales of fiber to individuals, businesses, others