Mar 1, 2022
David Wedick Named CFO of Maine Connectivity Authority
Wedick brings decades of experience in diversified capital markets, economic development to help achieve universal broadband access in Maine
Maine Connectivity Authority
Augusta, Maine - Today, the Maine Connectivity Authority (MCA)—a quasi-governmental agency charged with achieving universal access of affordable high-speed broadband in the state—officially named David Wedick its new chief financial officer. A highly skilled professional with nearly two decades of experience in diversified capital markets and economic development, Wedick will oversee the strategic and day-to-day aspects of the MCA’s financial management. He will step into the CFO role on March 21, 2022.
Since 2015, Wedick served as CFO at Coastal Enterprises Inc. (CEI), a leading Maine-based nonprofit organization focused on community development. Under his leadership, CEI achieved significant financial success and balance sheet strength in recent years, with total, net and unrestricted net assets all seeing robust growth. In his new position at the MCA, Wedick will leverage his experience at CEI for the overall planning, direction and coordination of financial activities at the MCA. His nonprofit background also lends itself to making a positive contribution in communities across Maine, which he has called home for eleven years.
Created through bipartisan legislation and signed into law by Governor Janet Mills in 2021, the MCA has been budgeted more than $20 million through the Maine Jobs and Recovery Plan and nearly $130 million through federal American Rescue Plan funds to make universal high-speed internet service a reality in Maine. Earlier this year, the MCA launched a new website at MaineConnectivity.org, featuring a new logo.
David Wedick, chief financial officer at the Maine Connectivity Authority.
“I look forward to making a positive impact in urban, suburban and rural communities across Maine, a state in desperate need of universal broadband access,” said Wedick. “I have called Maine home for years, so I know that many Mainers are desperate for high-speed connectivity. Using my financial expertise, it will be an absolute honor and a privilege to serve our state and guide our people to a brighter, more connected future.”
“We couldn’t be happier to have David on board at the MCA,” said Andrew Butcher, the MCA’s president. “He brings decades of unique financial management experience to the table, and he will play a pivotal role in expanding universal broadband access in Maine. Together, with talented people like David, we can get there from here.”
To schedule an interview, please contact Emma Dimock at email@example.com.
About the Maine Connectivity Authority:
Established in 2021, the Maine Connectivity Authority (MCA) is a quasi-governmental agency charged with achieving the universal availability of high-speed broadband in Maine. Led by Andrew Butcher, the MCA will work to ensure three goals: That effective, accessible connectivity be universally available in the state; that there be secure, affordable, reliable, competitive, sustainable and forward-looking infrastructure that can meet future needs; and that all residents, businesses and institutions in Maine be able to take full advantage of the economic, health, educational and other opportunities available through connectivity services. Focusing on projects, places and people, the MCA is advancing digital equity for all Mainers.