The CFC story: How America's rural electric cooperatives introduced Wall Street to Main Street

THE CFC STORY dramatizes the initiative, persistence & dedication of rural Americans to provide for themselves when all other means fall short. When federal funds for rural electrification began to wane in the mid 1960s, rural leaders took charge of their destiny. Aided by leading financial consultants, they devised an innovative plan for using Wall Street capital to finance Main Street's most important technological advance--electricity. In the process, they created an enduring non-profit financing cooperative--CFC--that is responsible for bringing billions of dollars of private capital into what had previously been solely a government funded enterprise. THE CFC STORY tracks the history of this unique organization, from conceptualization through its first 25 years of operation, & details its ever growing challenges & successes. This thoughtful & revealing profile is a must read for anyone embarking on a public/private partnership.Welch, Christine is the author of 'The CFC story: How America's rural electric cooperatives introduced Wall Street to Main Street' with ISBN 9780964530201 and ISBN 0964530201.