mbc History

 


MBC – The Company



Over the next few years, MBC enjoyed rapid growth in top-line revenue, employees, network reach, and most importantly helped in attracting new jobs and investments to the region. One of the key drivers of the MBC business model was to operate in a financially sustainable manner. Grants were used to pay for capital expenses, and revenue from customers (private sector telecom providers) paid for operating expenses and maintaining the network. The MBC business plan called for cash-flow break even (operating revenue exceeding operating expenses) by June of 2008. Thanks to the early embrace of the private sector telecom providers who now had a robust, open-access network to use in Southern Virginia, we experienced our cash-flow break even in December of 2007 and have never looked back.

In 2012, MBC took another important step forward in our continued growth as an organization. The membership of the Mid-Atlantic Broadband Cooperative voted in July of 2012 to amend our Articles of Incorporation to transition from a 501(c)(12) Cooperative to a 501(c)(4) non-profit corporation. Although our business model, pricing structure, and customer focus did not change, this social welfare not-for-profit designation was necessary to carry on our mission of bridging the digital divide, promoting economic development, reducing the burden of Government, and helping to revitalize our rural communities. On July 23, 2012, we became known officially as the Mid-Atlantic Broadband Communities Corporation.

On January 30, 2019, MBC celebrated 15 years of bringing robust fiber connections to Southern Virginia for the advancement of the region.

With the December 2020 completion of the SOVA Innovation Hub in downtown South Boston, VA, MBC moved to its new corporate home on the second floor of the new building in January 2021.

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