Title
Presentation of the Velocity Broadband business model.
Executive Summary: This presentation will provide Council with an update to the business strategies the Velocity team is working towards which would increase revenue and maintain Hudson’s leadership position in the broadband market.
Body
Legislative History
None.
Purpose & Explanation
The purpose of the presentation is to provide Council with a detailed explanation of the business model the Velocity team is working with. This model focuses on three areas of potential growth which could increase revenue and further distinguish Velocity as a leader of fiber services.
Timing Considerations
Discussions with potential customers outside the City are happening now. Home based business connections would start later in the year, once the commercial buildout is complete. We plan on having the final pricing to connect to NEOnet and OARnet within the next 3-4 weeks.
Fiscal Impact
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends Council support this business model with confidence.
Submitted by,
Jane Howington, City Manager
Jim Stifler, Economic Development Director
Will Ersing, Broadband Manager