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Community-Based Economic Development Projects Are Small but Valuable

Author

Listed:
  • Green, Gary P.
  • Flora, Jan L.
  • Flora, Cornelia B.
  • Schmidt, Frederick E.

Abstract

Many small towns are adopting community-based economic development strategies, such as community-owned firms and community-oriented finance institutions, to promote development. On the plus side, such projects have created jobs, promoted a sense of local ownership, and retained much of the created revenue within the community. On the down side, the number of jobs created or saved has been modest, access to capital can be difficult, and managerial experience is often limited.

Suggested Citation

  • Green, Gary P. & Flora, Jan L. & Flora, Cornelia B. & Schmidt, Frederick E., 1992. "Community-Based Economic Development Projects Are Small but Valuable," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 8(3), October.
    • Handle: RePEc:ags:uersra:311015
    DOI: 10.22004/ag.econ.311015
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