Small Business

The most effective development strategy for rural communities is small entrepreneurship – locally owned and operated small businesses.

Strategies
You have a great idea for a new small business. Congratulations! That's the first step. Here are some other ideas and information to consider on your journey to success.

Small Business Programs
Several programs are available to help businesses to become established and grow.

Small Business Notes

 

REAP Newsletter Fall 2014

Inside this Issue:
Spotlight on Success: A Gem of an Idea Gets this Business Rolling
Rural in the Digital Age
Rural Small Business Hiring on the Rise
Business Training Comes Direct to Your Doorstep
New REAP Administrative Assistant Says Hello!

Download the REAP Business Update as a pdf below.

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Creating Jobs and Self Sufficiency Through Self-Employment

The concept of microenterprise and microfinance has the power to empower people and transform their lives. The concept was pioneered in 1976 by Muhammad Yunus, Nobel Prize winner and founder of the Grameen Bank (Bank of the Poor), in Bangladesh. The bank was established for the purpose of making small loans to the poor − predominantly women – to help them obtain economic self-sufficiency.

Aligning Capital and Justice

In 2015, the Center for Rural Affairs will reach the $12 million mark in small business loans. Aligning loan capital with our values of widespread ownership, control, and opportunity is a core strategy for our work.

How did we get here?

In 1977, the Center published Where Have All the Bankers Gone?, reporting on changes in the ownership structure of banking. Banks were consolidating. When small-town banks joined a consolidated chain, more of their customers’ cash holdings went to big-city banks in the chain.