ERIC Number: ED449955
Record Type: Non-Journal
Publication Date: 2001-Jan
Reference Count: N/A
Home-Based Businesses: Implications for the Rural Economy of the South. The Rural South: Preparing for the Challenges of the 21st Century, No. 16.
Brown, Pamela J.; Muske, Glenn
In the face of changing agriculture, an aging population, and the outflow of citizens seeking livable wages, rural Southern communities are challenged with how to enhance their economies to insure long-term business viability. Home-based businesses are an effective aspect of rural economic development. They allow flexibility and choice of work style while enabling families to remain in their community, and communities benefit by obtaining supplies and services that would otherwise not be available and because home-based businesses generate and spend money locally. However, home-based businesses need community support to make a marked difference in their community's social and economic well-being. Communities can facilitate the development and growth of home-based businesses by providing education and exposure to knowledge and skills that will enhance entrepreneurial ideas; building strong collaborations between state and private agencies and organizations, colleges, vocational-technical schools, and microlenders that are interested in strengthening businesses; increasing home-based business visibility and community involvement; facilitating networking of home-based businesses to other businesses in the community; increasing home-based businesses' access to financing; and developing local entrepreneurial leadership. (Contains 29 references.) (TD)
Descriptors: Community Role, Credit (Finance), Economic Development, Entrepreneurship, Extension Education, Financial Needs, Human Capital, Internet, Quality of Life, Rural Areas, Rural Development, Self Employment, Small Businesses, Technical Assistance
Full text at Web site: http://ext.msstate.edu/srdc/publications/millennium.htm.
Publication Type: Opinion Papers
Education Level: N/A
Sponsor: Farm Foundation, Chicago, IL.; Economic Research Service (USDA), Washington, DC.
Authoring Institution: Southern Rural Development Center, Mississippi State, MS.