Indeed, many municipal broadband projects are undertaken because the Wall Street metric does not work. The town may be too remote, the population may be too sparse, or the demographic nature may not be consistent with the template used by private sector companies in their profit-maximizing decisions on where and whether to deploy. Those are precisely the circumstances, however, in which the community benefits of providing broadband become most profound, and most valuable.
Indianola City Owned Network Partners to Encourage Economic Development
“We want to grow our own new businesses in Indianola, and Simpson College is home to an entire group of potential entrepreneurs who we hope will find support for their efforts here and some day choose to locate their businesses here,” [Jerry Kelly, former Indianola mayor and executive director of the city's development association] said. ‘What we are doing is called ‘economic gardening.’ What grows here will stay here.”
Thanks to the Indianola Municipal Utilities (IMU) next-generation broadband network, the city and the college have fertile soil to nurture that garden. We previously wrote about this FTTH partnership here, explaining that the community owns the infrastructure and a local business provides services over the network.
The partnership between Simpson College, the Indianola Development Association, and IMU is called the Indianola + Simpson College Entrepeneurial Devopment Initiative. The student-business incubator will bring together students, mentors, and existing businesses with the hope that resulting entrepeneurships will sprout and grow in Indianola.
Through the partnership, the incubator will have access to IMU's server platforms, wholesale bandwidth, local marketing and outreach efforts, and customer service activities. 25 students will develop senior Capstone Projects through the initiative. College and city leaders anticipate that number will continue to grow.
The Simpson College News Center also writes that the project will be led by Chris Draper. Draper is associated with Des Moines' Startup City, a technology-based business incubator. Draper is CEO of the first graduate of Startup City, Meidh Tech, which offers property management technology solutions.
“By engaging students in real-world problems, allowing them to own their successes and responsibilities, they will begin to see that their classes actually feature lessons learned instead of paths to follow,” he said. “While we expect that many students will grow their own jobs because of this program, and many of those jobs will remain in our communities, the greatest benefit that Simpson students will realize because of this program is that each day provides a lifetime of opportunity.”
Kevin Kirkpatrick from the Record Herald also talked to Draper, who acknowledged the critical role of local resources, including the network provided by IMU.
Because Iowa does not create barriers for local communities to invest in broadband infrastructure, programs like the Indianola + Simpson College Entrepeneurial Development can proliferate. More states need to take a similar approach and open the door for local communities to pursue economic development with the aid of local community owned networks.
A local news story discussing the project notes that Indianola connectivity is superior to that of Iowa capital Des Moines.