In my work I run across lots of passionate people who are working in that chaos that is called entrepreneurship. They come by different names:  entrepreneur, business developer, economic development specialist. Entrepreneurial all, they creatively seek new ways to assist entrepreneurs. Some strategies work, some don’t; but all ideas are good. Lately I’ve found myself on a plane more than not. When my feet land on the ground, I get to see some of the innovative ways that people are working to build businesses across America. In an entrepreneurial spirit, I wanted to share those experiences with you. So sit back, relax and enjoy the ride!

Growing Rural Economies 

September 13, 2009

I’m on the tarmac at Kansas City International looking out my airplane window at a herd of cattle lazily chewing grass in the late afternoon sun.  Kansas City is not considered a rural economy, yet it sits isolated by miles of farmland in the middle of the country.  Last week I attended the Missouri Governor’s Conference on Economic Development which covered topics from economic to workforce development.  It was clear that small businesses in the “country” have similar needs to those in the “city” like access to bridge and short term loans.  But they have other needs too, including the much needed availability of broadband services and the need to lure people off of the interstates to consider living and working in rural areas.

Two areas of the country I have recently come across have or are exploring new ways to grow rural economies:  South Central Idaho and South Eastern Minnesota.  Both groups assessed their assets and created regional innovative collaborations to change the landscape.

South Central Idaho consists of the counties of Camas, Blaine, Gooding, Lincoln, Jerome, Minidoka, Twin Falls, and Cassia. The Snake River Canyon, Shoshone Falls and other natural wonders combine with a moderate climate to make the area attractive to tourists and retirees alike. The area has long been agriculturally based, thanks to the 1905 effort to build canals that carry water from the Snake River to the Milner Dam.  Towns like Twin Falls grew so rapidly when water became available in this desert region that it earned the name “Magic Valley.” 

With little change in the crop based economy, other than a surge in dairy and cheese processing in the 1990’s, the region needed a new focus for the future.  In 2000 a study evaluated the assets of the region and suggested that in addition to agriculture and food processing the area could support light manufacturing and technology. The region of population 176,400 would accomplish more by standing together than by standing alone. 

Collaborative groups like the Southern Idaho Economic Development Organization led by the College of Southern Idaho and Region IV Development Association (RIVDA) assisted in the development of Ready Teams to find and attract the right companies. Hard work resulted in the diversification of the economy with new industry clusters including recreational vehicle manufacturing, a large computer tech-center, plastics extrusion and metal machining.

Read more: One, Two, Three

Let us know what you think, leave a comment!

Posted by Maria Meyers On 02/05/2010 at 3:40 PM  1 Comment
 

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Barbara (Guest) said On 01/19/2010 at 9:56 PM
       Nice information provided here which is very useful to everyone...I am not a huge fan of this side, there do seem to be a lot these days...thanks for posting...Let me know more about this one... Attorney Directory
  
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About Maria Meyers

Maria Meyers serves as director of U.S.SourceLink, a business development program linking entrepreneurs to small business service providers. U.S.SourceLink is used in regions around the country and has been awarded the U.S. Department of Commerce Excellence in Economic Development Award for Enhancing Regional Competitiveness.

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