Wireless company getting $55K finance package to provide broadband in Madrid, Waddington, Norfolk, other less-served areas
CANTON -- New Horizons Wireless, Inc. of Lisbon is getting a $35,000 grant and $20,000 loan from a county development agency to purchase equipment and for working capital to aid in business startup.
New Horizons is a startup company that aims to provide fast, reliable and competitively priced wireless broadband internet connections to rural communities in upstate New York.Company President Chad Rice is bringing service to rural areas where broadband is not available or is expensive to procure.
The St. Lawrence County Local Development Corporation says that by using an innovative signal transmission plan and sophisticated software, Rice's goal is to fill the gap in service to rural communities that larger providers do not serve.
New Horizons is now providing service in and around Norwood, Lisbon, parts of the town of Waddington, and Heuvelton. New locations are being added.
“We will take this opportunity and utilize these funds to expand our existing network throughout rural St. Lawrence County," Rice said. "This will help us continue bringing affordable high speed internet to those that have little or no options."
Rice said that the financing package will allow his company to start this spring and summer to cover Madrid, Waddington, Norfolk, Chase Mills, DePeyster, Morristown, Brier Hill, the Black Lake area, Rensselaer Falls "and everything in between.”
Raymond Fountain, CEO of the SLCLDC, said, “Internet is a necessity in today’s world, and we are glad to support this project that will bring connectivity to unserved and underserved communities.”