In the 1980s Ord Nebraska and its region was in peril due to the U.S. Agricultural Crisis. Farms and ranches were failing. Local businesses were closing. Residents were losing hope and like so many rural communities, Ord was headed for chronic and severe decline.
Commuter-Led Entrepreneurial Development. Traditional development primarily focuses on attracting and growing businesses. With entrepreneur-led development, growing a stronger community economy is often rooted in a wider spectrum of opportunities. This month we are featuring another of our Likely Entrepreneurial Development Opportunitiesstrategy guides, Commuter-Led Development. Our rural communities and economies are regional, and commuters are foundational to their operation and success. Be sure to listen to our podcast episode on the topic!
Growing Rural Entrepreneurial Ecosystems: Lessons from Tupelo MS to Ord NE. Last month Don Macke kicked off Radically Rural's 2022 Virtual Roundtables with this presentation on rural community transformation. You can view the entire session HERE and download Don's PowerPoint presentation for all the details. Don't miss the free March roundtable on rural childcare - more info.
Migration Key to Rural Economic Development. This Daily Yonderarticle cites new research that the majority of new businesses opening in rural counties are operated by people between the ages of 50 and 74. Download the Rural Entrepreneurship and Migration research report here.
Research: How Entrepreneurship Can Revitalize Local Communities. In an eight-year Harvard Business Review research study, the authors argue that if the goal is to harness the power of entrepreneurship to revitalize impoverished places, business leaders and policymakers must shift away from a focus on scaling up, and that they must instead encourage founders to “scale deep” — that is, to grow slowly and become strongly embedded into the local economy, rather than growing as quickly and broadly as possible. This means investing not only in ventures that offer strong financial returns, but also in those that lift their communities to achieve sustained self-reliance.
Rural Communities Across the U.S. Are Attracting Remote Workers Through Different Incentive Programs. This article explores how Americans are choosing to live and work through the pandemic.
National Entrepreneurship Week, Feb. 12 - 19, 2022. We look forward to celebrating #NatlEshipWeek with organizations across the country, February 12-19. The daily theme for Feb. 14 is Eship Ecosystems. Learn more at www.natleshipweek.org.