Journal Article

A Unique Moment for Small Towns

Abstract: Every month, I visit small towns and hear from business and community leaders about what’s working, what’s not working, and what they need. In my previous column, I looked at the key elements I’ve seen in every small town that has made major progress toward revitalization: a story, regional cooperation, and dedicated funding, all tied together by “scrappiness.” (See “Making It Work,” Econ Focus, First Quarter 2022.) Now, I’d like to take a deeper dive into the issue of funding, because money is the one critical constraint every community faces, across every issue.

Keywords: rural economy; government grants; regional cooperation; revitalization;

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2022

Issue: 2Q

Pages: 1-2