How Do Small Towns Grow?

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: In the last few years, we’ve come across a number of small towns that appear to be turning things around — that have gone from losing residents to growing. The places that have started growing are mostly exurbs or near natural or well-crafted amenities. They’re building worker housing, investing in skill-building, and supporting workers’ whole-life needs. Now-growing counties didn’t begin their growth journeys in 2020. Their momentum started earlier. In time, with the right conditions, momentum starts showing up in the data.

Keywords: economic growth; Small Town and Rural Communities; rural housing; rural workforce and education (search for similar items in EconPapers)
Date: 2025-05-20
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