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“It takes a village” to support entrepreneurship: intersecting economic and community dynamics in small town entrepreneurial ecosystems

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  • Philip T. Roundy

    (University of Tennessee (Chattanooga))

Abstract

Despite the ubiquity of small towns, the forces shaping entrepreneurship in cities of limited size, reach, and scope are unexamined. To address the lack of attention to small town entrepreneurship, a comparative-case study of two small towns (Newton Falls, Ohio and Geneva, Ohio) was conducted. The study examines how and to what extent entrepreneurial activity manifests in small towns and identifies the strategies and contextual forces that promote and hinder small town entrepreneurship. Findings reveal (a) a variety of entrepreneurial activities occur in small towns, (b) community members engage in market and community-based strategies to encourage entrepreneurship, and (c) there is an ecosystem of economic and community dynamics that spur and discourage entrepreneurial activity. The findings contribute to research on entrepreneurship and economic development in small towns and generate practical implications for policymakers and entrepreneurs.

Suggested Citation

  • Philip T. Roundy, 2019. "“It takes a village” to support entrepreneurship: intersecting economic and community dynamics in small town entrepreneurial ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1443-1475, December.
    • Handle: RePEc:spr:intemj:v:15:y:2019:i:4:d:10.1007_s11365-018-0537-0
    DOI: 10.1007/s11365-018-0537-0
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    4. Quoc Hoang Thai & Khuong Ngoc Mai & Tung Thanh Do, 2023. "An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda," SAGE Open, , vol. 13(1), pages 21582440231, March.
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