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Financing rural innovation with community development venture capital: models, options and obstacles

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  • Julia Sass Rubin

Abstract

Growing local companies is essential to the economic prosperity for many rural regions and residents. Rural economies, however, rarely attract traditional venture capital. Given the important role that patient capital plays in entrepreneurial development, the future economic vitality of rural communities rests, at least in part, on their ability to access such capital. Community development venture capital (CDVC) is a particularly adept model for overcoming the structural obstacles that rural geographies present for venture capital investors. Rubin explores some of the obstacles this model faces, along with options for sources of funding.

Suggested Citation

  • Julia Sass Rubin, 2006. "Financing rural innovation with community development venture capital: models, options and obstacles," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 3, pages 15-27.
    • Handle: RePEc:fip:fedfcr:y:2006:p:15-27:n:v.2no.3
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    References listed on IDEAS

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    1. Mitchel Y. Abolafia (ed.), 2005. "Markets," Books, Edward Elgar Publishing, number 2788.
    2. Julia Sass Rubin & Gregory M. Stankiewicz, 2005. "The new markets tax credit program: a midcourse assessment," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 1, pages 1-11.
    3. Bostic Raphael & Paulson Anna L & Mehran Hamid & Saidenberg Marc, 2005. "Regulatory Incentives and Consolidation: The Case of Commercial Bank Mergers and the Community Reinvestment Act," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-27, April.
    4. Timothy Bates & William Bradford & Julia Sass Rubin, 2006. "The Viability of the Minority-Oriented Venture-Capital Industry Under Alternative Financing Arrangements," Economic Development Quarterly, , vol. 20(2), pages 178-191, May.
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