Dan Gilbert launches Internet provider Rocket Fiber

Dan Gilbert, founder and chairman of Quicken Loans and Rock Ventures, said he has formed a new "community investment initiative" called Rocket Fiber LLC to provide faster Internet connections in downtown Detroit (MI). The service will be up to 100 times faster than the current residential average, Gilbert said. Construction is already underway on an advanced fiber optic network that will make Internet service available to residents, businesses and local governments in the greater downtown area. Eventually the goal is to expand the service to other parts of the city. Gilbert launched Rocket Fiber in 2014.