Community-Based Economic Development Projects Are Small but Valuable

Gary P. Green, Jan L. Flora, Cornelia B. Flora and Frederick E. Schmidt

Rural America/ Rural Development Perspectives, 1992, vol. 08, issue 3

Abstract: Many small towns are adopting community-based economic development strategies, such as community-owned firms and community-oriented finance institutions, to promote development. On the plus side, such projects have created jobs, promoted a sense of local ownership, and retained much of the created revenue within the community. On the down side, the number of jobs created or saved has been modest, access to capital can be difficult, and managerial experience is often limited.

Keywords: Community/Rural/Urban Development; Labor and Human Capital; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:311015

DOI: 10.22004/ag.econ.311015

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