Those who would establish high-growth businesses (HGBs) in rural settings face significant challenges. We report findings from more than 80 in-depth interviews regarding the obstacles that rural HGBs face and identify approaches for overcoming these obstacles. First, interviews confirm the need for improved access to a full range of financing options to support HGBs across different development stages. Second, HGBs need in-depth, sophisticated technical assistance, which is generally unavailable in rural areas. Finally, cooperation among financial and technical service providers is vital to program success. Based on these findings, a model is proposed for successful development of HGBs in rural areas.
Lamb, William B. and Sherman, Hugh
"Developing High-Growth Businesses in Rural Areas: A Study of Four U.S. States,"
New England Journal of Entrepreneurship: Vol. 13:
2, Article 3.
Available at: https://digitalcommons.sacredheart.edu/neje/vol13/iss2/3