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Entrepreneurship in Rural America

Entrepreneurship in Rural America. Don Macke Project Director. RESEARCH BASIS. Field Work Colorado Maine Minnesota Missouri Nebraska Nevada Texas West Virginia. Entrepreneurship is Strongly Associated with Economic Growth!.

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Entrepreneurship in Rural America

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  1. Entrepreneurship in Rural America Don Macke Project Director

  2. RESEARCH BASIS Field Work • Colorado • Maine • Minnesota • Missouri • Nebraska • Nevada • Texas • West Virginia

  3. Entrepreneurship is Strongly Associated with Economic Growth! The level of entrepreneurial activity explains 70 percent of the difference in economic growth among nations. All nations with high levels of entrepreneurial activity have above average rates of economic growth. Only a few nations that have above average rates of economic growth have low levels of entrepreneurship.

  4. National Commission Each year, this small set of businesses create a disproportionate share of the new jobs and fuels the economy in numerous other ways. According to one 1988-1992 study, EGCs or “gazelles” made up just 4 percent of all companies but generated 60 percent of the net new jobs. Some economists suggest that EGCs account for roughly 50 percent of the difference in economic growth rates among industrial nations.

  5. Our Theory:“Weaker Rural Economic Performance is Due in Part to Lower Levels of Entrepreneurial Activity”

  6. Rural Entrepreneurs EGCs Survival Lifestyle Hobby Active Aspiring Growth Potential

  7. Federal Policy and Program Considerations

  8. Elements of a Rural Capital System Capital Attraction Rural Capital System Venture Fund Connections Rooted Venture Funds Effective Use of Govt. Programs NICs Angel Networks Deal Development Micro Lending Capital Literacy Education

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