Entrepreneurship in Rural Employment in the US
Tessa Conroy,
Steven Deller and
Matthew Kures
Chapter 6 in Rural Policies and Employment:TransAtlantic Experiences, 2019, pp 93-108 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
Since the Great Recession (2007–2009), the job recovery in non-metropolitan counties has been less robust than in metropolitan counties. Part of that may be due to the industrial composition of rural areas, which have larger manufacturing and agricultural sectors than metropolitan areas. These two sectors, which have been growing in productivity and output, are doing so with less labor and therefore generate a smaller share of employment than they once did. Non-metropolitan counties have also lost employer businesses, meaning that there are fewer businesses to create job opportunities. Although these factors may make job growth more challenging, there may be untapped potential in non-metropolitan areas. The number of non-employer businesses in these areas has been growing and the rate of proprietorship is high compared to metropolitan areas. These entrepreneurial characteristics suggest that non-metropolitan areas have a foundation to support job growth. Historically, entrepreneurship has proven to be an important source of job creation, with new and young businesses generating close to half of all new jobs. Thus, non-metropolitan communities may find it strategic to access their most entrepreneurial populations and support new businesses to foster long-term job growth.
Keywords: Rural Areas; Rural Development; Agriculture; Employment; Labor; Jobs; Common Agricultural Policy; European Union; United States (search for similar items in EconPapers)
JEL-codes: P25 Q18 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)
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