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How Do Small Towns Grow?

Author

Listed:
  • Tom Barkin

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.

Suggested Citation

  • Tom Barkin, 2025. "How Do Small Towns Grow?," Speech 101221, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101221
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    File URL: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2025/barkin_speech_20250520
    File Function: Speech
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