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Journal Article
President's Message: Making It Work
This issue of Econ Focus is a special issue on the economic challenges of rural areas and small towns. I spend a lot of time in these communities, meeting with local leaders — in government, business, and nonprofits — to learn from them about the issues they face and, often, the solutions that have worked for them. (During the pandemic, our meetings have been socially distanced.) What I have seen consistently is that success does not come from a single program or initiative. The places that are making it work have several key elements in common: a story, regional cooperation, and ...
Journal Article
A Unique Moment for Small Towns
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.