Across the country, 50 communities are celebrating their victories in the first round of the America’s Best Communities competition, a $10 million initiative to stimulate economic revitalization in small towns and cities. Dycom Industries Inc. (NYSE: DY) will adopt one of those communities, Kingman, Ariz., and will serve as a strategic advisor to help them develop a comprehensive strategy to accelerate the revival of their local economy and improve quality of life.
Kingman, home to 28,393 people, will be awarded $35,000 in prize money from the America’s Best Communities competition to build and implement a Community Revitalization Plan, and Dycom Industries plans to contribute an additional $15,000 to bring the community’s total winnings to $50,000.
The sponsors of the America’s Best Communities competition — Frontier Communications, DISH Network, The Weather Channel and CoBank — announced April 29 the winning communities that have advanced into the quarterfinals of this innovative campaign, which aims to jumpstart economic development and investment in rural America. The 50 quarterfinalist communities will now have six months to shape and refine their revitalization plans for the chance to win up to an additional $3 million to bring their ideas to life.
In the months ahead, Dycom Industries will forge partnerships with local leaders in Kingman, providing guidance and support as they build plans to strengthen their community. Dycom Industries is one of 50 companies participating in the America’s Best Communities Adopt-a-Community Program.
“By investing in America’s small towns and rural communities, we’ll make our entire nation stronger and accelerate our economic recovery. That’s why we were eager to join the America’s Best Communities competition,” said Dycom Industries President and CEO Steven Nielsen. “It’s a chance for us to partner with the hardworking men and women of Kingman to help them move their community forward along the path to prosperity. We’re looking forward to getting started. Congratulations to Kingman, and thank you to Frontier Communications and all of the America’s Best Communities sponsors, DISH Network, The Weather Channel and CoBank, for providing us with this opportunity to help revitalize rural America.”
“As the largest telecommunications company focused on rural America, we recognized the economic impact that new, strategic investments often have on the revitalization of small towns and rural cities,” Frontier Communications General Manager Mark Abram said. “We launched America’s Best Communities to inspire innovation and foster new growth in America’s emerging markets, our rural communities, and we could not accomplish this vision without the support of partners like Dycom Industries. We thank them for their leadership and their willingness to join us in this pursuit of a more vibrant, resilient economy across rural America, starting in their adopted community.”
America’s Best Communities is a multi-stage, three-year competition that will provide $4 million in seed money and other support to assist communities as they develop new economic growth strategies. The top three communities will receive a total of $6 million in prize money.
The 50 quarterfinalist communities have six months to complete their comprehensive Community Revitalization Plans to be considered for additional investment. In early 2016, 15 semifinalists will be selected to attend the America’s Best Communities summit to present their strategies, with eight finalists then awarded $100,000 to continue implementation of their plans.
In April 2017, America’s Best Communities will name its three competition winners — those with the most innovative proposals being effectively implemented. The winning community will be awarded $3 million, with $2 million for second place and $1 million for third.
For more on America’s Best Communities and its Adopt-a-Community Program, visit www.americasbestcommunities.com.