In my corner of the state, a new organization, the Northwest Oklahoma Alliance, is trying to reverse the trends of decline. The stated goals are: Slow out-bound migrationDevelop employment opportunitiesIncrease employee earningsIncrease populationBuild of the “niche” of Northwest OklahomaExpand opportunities for Northwest Oklahoma Value Added businessesPromote Northwest Oklahoma to potential employers Sounds very good. The…
Ed Morrison, publisher of the EDPro Weblog, frequently covers Small Biz Survival issues, as well as a whole range of economic development issues. In a post on Saturday, he boiled it down to this: “…a major timebomb: an aging workforce, a brain drain of bright college graduates and in-migration of too few workers….” He was…
It may be possible to build a growing small business in the midst of a declining small town. If so, it will be because we worked together. The defining characteristics are: A small business, In a rural or small town setting, In a flat or shrinking economy and population. The challenges include: Pressure from competitors…
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