Gen Y Entrepreneurship in rural communities

August 25th, 2009 by

The economy is down.  There’s little debate that it has affected both rural and urban communities.  But a recent story in the Sioux Falls Argus leader made me wonder if many rural communities are missing an opportunity to stimulate their local economies by engaging Gen Y entrepreneurs. 

Titled “Daring spirit in dire economy,” the article tells of several Gen Y entrepreneurs who started businesses in Sioux Falls – despite the down economy. 

Several of the individuals started their businesses out of necessity – they lost their jobs.  Several located their businesses in their homes.  Most displayed the confidence and “go-get ‘em” attitude typical of millennials.   And all hope to take advantage of lower start-up costs.

The article also tells us that the Sioux Falls Chamber of Commerce intends to help these aspiring entrepreneurs by holding a series of round table discussions on financial and legal questions.  What a great idea!

But what are rural communities doing to help young people? 

I’m sure most of us in Rural America can identify one or two millennials who are living in the big city, even though they are either unemployed or underemployed.  And I bet many of us know young people who have experience in businesses that could benefit from the lower start-up costs and living expenses rural communities offer. 

So, what’s stopping us from giving them a call, and letting them know that we both we want them in our communities and that we are willing to offer some assistance to get their venture off the ground? 

If your community is already doing something to reach out to young entrepreneurs, I hope you will share your story.  We can all benefit from a little inspiration.

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Posted in Economic Development, Gen Y, In the News, Rural | Comments ( 0 )

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