Targeting Business Investment in Rural Communities
Many agricultural-based communities in the Great Plains region of North America face declining rural populations and shrinking market size to levels eventually insufficient to maintain their functions. In response, rural communities often pursue a variety of business recruitment and retention initiatives including incentives to entice new business to their location. This paper estimates a model of business-community compatibility designed to assist communities in identifying potential business opportunities, given the communityâ€™s characteristics. An Industrial Targeting system for Rural Communities (ITRC) model is developed to suggest business investment alternatives, and the prerequisite conditions for attracting them. Findings suggest that industrial targeting is a complex, iterative, and often creative exercise and that a detailed investigation of business requirements and community attributes is informative. However, the ITRC model must be used along with other information about local and regional economic and institutional conditions.
Volume (Year): 34 (2004)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://jrap-journal.org/index.htm|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mathur, Vijay K., 1979. "Some unresolved issues in the location theory of the firm," Journal of Urban Economics, Elsevier, vol. 6(3), pages 299-318, July.
- Beguin, H, 1992. "Christaller's Central Place Postulates: A Commentary," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 26(3), pages 209-29, September.
- James W. Henderson & Thomas M. Kelly & Beck A. Taylor, 2000. "The Impact of Agglomeration Economies on Estimated Demand Thresholds: An Extension of Wensley and Stabler," Journal of Regional Science, Wiley Blackwell, vol. 40(4), pages 719-733.
- John C. Leatherman & Donald J. Howard & Terry L. Kastens, 2002. "Improved Prospects for Rural Development: An Industrial Targeting System for the Great Plains," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 59-77.
- Jack C. Stabler & M. R. Olfert, 1993. "Farm Structure And Community Viability In The Northern Great Plains," The Review of Regional Studies, Southern Regional Science Association, vol. 23(3), pages 265-286, Winter.
- Eaton, B Curtis & Lipsey, Richard G, 1982. "An Economic Theory of Central Places," Economic Journal, Royal Economic Society, vol. 92(365), pages 56-72, March.
When requesting a correction, please mention this item's handle: RePEc:ags:jrapmc:132294. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.