Four out of five Americans inhabit urban areas on a fraction of this country’s land, while rural residents continue to decline as a percentage of the population. As one America shrinks, the other overflows; both are searching for solutions.
A new partnership between Georgetown University’s McDonough School of Business and the American Farm Bureau Federation aims to harness the creativity of small-business owners to build stronger rural communities.
Their Rural Entrepreneurship Challenge, billed as the first national competition of its kind, received more than 200 applications last summer from 36 states. If you seed small businesses attuned to local needs, the project’s leaders believe, rural economies will bounce back.
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