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Advocacy Report Shows Rural Entrepreneurship Has Been Declining

October 4, 2017View for printing

Rural America has historically had a higher rate of entrepreneurship than urban and suburban areas. But the rural lead is shrinking. A new report by the SBA Office of Advocacy tracks these shifts over nearly 30 years. The report, "The Retreat of the Rural Entrepreneur," ... preneur.pdf According to the author, Daniel Wilmoth, "In 1988, more than 1 in 4 self-employed workers lived in a rural area, but, by 2016, that had fallen to less than 1 in 6."

According to the report, the decline was driven by two factors: a shift of the working-age population away from rural areas and a decrease in the rate of rural self-employment.New businesses are important sources of new jobs and new products, but entrepreneurship has been declining in the United States. The patterns that emerge in this report suggest that changes in rural areas may be contributing to the decline. Policies facilitating the economic development of rural areas could be an effective tool for reversing the decline. ... govdelivery
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