Rural Manufacturing Resilience: Factors Associated With Plant Survival, 1996-2011
Sarah Low ()
No 262184, Economic Research Report from United States Department of Agriculture, Economic Research Service
Manufacturing provides jobs and income that individuals, families, and communities in rural areas rely upon. In this study, rural manufacturing plant survival during a 15-year period (1996- 2011), which includes two recessions and a longstanding decline in manufacturing employment, is examined. An indepth survey, the 1996 ERS Rural Manufacturing Survey, is linked to quar - terly employment records so that the relationship between survival and plant- and community- level factors can be examined. Results suggest that smaller, independent manufacturing plants had higher survival rates than larger plants and multi-unit plants, such as branch plants. Results offer potential insights into rural economic development policy, like tradeoffs between retention incentives, financial capital access programs, or support for entrepreneurship development.
Keywords: Community/Rural/Urban Development; Industrial Organization (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersrr:262184
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