Local officials want piece of FairPoint's $320,000 pie

CASTLETON According to news reports, Rutland County community leaders would like a piece of the $320,000 in economic development money offered by FairPoint Communications, now Vermonts largest telephone company. Company officials said they are offering the money in the form of matching funds that will act as seed money for local economic development. FairPoint officials said they will select a needy region in Vermont, Maine, and New Hampshire that will then receive the funds as part of FairPoints Vital Economy initiative, a public relations and community goodwill campaign. Jim Haguewood, a consultant hired by FairPoint, said the phone companys economic initiative is targeted at creating cooperation between community residents, identifying community resources, and then sharing the resources in a region. FairPoint officials were in Castleton last week to meet with county officials. Several company/community meetings are planned for other areas of Vermont that are competing for the FairPoint funds.

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