Does Rural Entrepreneurship Pay?
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The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.
CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.
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RURAL ENTREPRENEURSHIP can help stimulate local economies by creating local jobs and providing goods and services that improve the quality of life of nearby residents. However, as Reynolds et al. (1995) note, rural entrepreneurs can face difβiculties through lack of sufβicient capital, infrastructure, and access to educated labor. These hardships often result in lower βirm entry rates when compared to urban areas and businesses characterized as low-income and low-growth. This leads to the common notion that rural entrepreneurship is necessity driven— entrepreneurs create rural businesses in order to remain in, or relocate to, a rural location (Tosterud and Habbershon 1992).