ord sunshine pumpers

life in rural nebraska

The entrepreneurs that drive the rural economy

with one comment

The Grand Island Independent shares a story about the importance of self-employment to rural communities here.  One very important aspect to note is how entrepreneurship and self-employment drove job growth in rural communities.  From the article:

For some years, Internal Revenue Service data have shown self-employment to be the fastest growing employment segment in rural America. In at least one recent year, it accounted for all net job growth in nonmetropolitan Nebraska, said Randy Cantrell, a Nebraska Rural Initiative rural sociologist who’s part of the Rural Poll team.

Not only is job growth huge for self-employment, but so is its overall importance in a families’ total income.

Self-employment is especially prevalent in or near smaller communities. Fifty-nine percent of respondents in or near towns with populations of less than 500 have some type of self-employment, compared to 34 percent of those in or near communities of 10,000 or more.

This growth in self-employment isn’t isolated, either.  The Ord area has experienced over 90 new business openings in the past nine years.  Ninety. You can understand now why business coaching, assistance, retention and expansion are critical to our goals here at Valley County Economic Development.  From our business financing options, to programs that help stimulate reinvestment into our community, the single most important goal of any rural development organization should be to assist entrepreneurs with their business needs.

Finally, to throw a bit of controversy into it all, you can also reckon that major national issues such as health care reform is such a critical topic that we as a nation have to address.  Not talking about health care reform (and the current plan on the table is not acceptable) is suicide for rural economic development.

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Written by Caleb

September 8, 2009 at 2:32 pm

One Response

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  1. Personally, I would like to see more subsidized care offered. Especially, to parents of medicaid eligible children. Eliminate the need for insurance companies.

    burgerboy

    September 8, 2009 at 5:46 pm


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