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Small business entrepreneurship
can mean the difference between communities that thrive and
adapt to the needs of their members, and those that wither
in the face of changing market forces. In the past 10 years,
nearly every state has recognized entrepreneurship as an
important part of its economic development strategy, yet few
states have invested the resources necessary to attract and
retain the intelligent, creative kinds of people that
produce these benefits. This is especially true in states
with large rural areas. The Federal Reserve Bank of Kansas
City observed:
"Rural policymakers, who once followed traditional
strategies of recruiting manufacturers that export low-value
products, have realized that entrepreneurs can generate new
economic value for their communities. Entrepreneurs add
jobs, raise incomes, create wealth, improve the quality of
life of citizens and help rural communities operate in the
global economy"
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