Journal Article

Financing rural innovation with community development venture capital: models, options and obstacles


Abstract: Growing local companies is essential to the economic prosperity for many rural regions and residents. Rural economies, however, rarely attract traditional venture capital. Given the important role that patient capital plays in entrepreneurial development, the future economic vitality of rural communities rests, at least in part, on their ability to access such capital. Community development venture capital (CDVC) is a particularly adept model for overcoming the structural obstacles that rural geographies present for venture capital investors. Rubin explores some of the obstacles this model faces, along with options for sources of funding.

Keywords: Venture capital; Community development;

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Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: Community Development Investment Review

Publication Date: 2006

Issue: 3

Pages: 15-27