New opportunities in rural areas

By Ed Morrison, EDPro

One of the paradoxes of globalization is that our rural economies have multiple new opportunities to build wealth.

The expanding role of entrepreneurship in rural economic development, combined with the emergence of smaller towns, open up new horizons for rural economies. (On the emergence of smaller towns, see Jack Schultz’ book, Boom Town USA.)

In addition, new biotechnologies create opportunities in agribusiness development. Here’s an example, in Amarillo last week, civic leaders held a conference on BioEconomics. Read more. This approach to development has been discussed in international development circles. Read more.

Oklahoma just held an aerospace conference. Any other examples of new technology creating new opportunities in rural areas?

small biz rural entrepreneurship business bioeconomics ed morrison

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About Becky McCray

Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.

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