Business Networks and Economic Development in Rural Communities in the U.S.

Entrepreneurship Theory and Practice, Fall 2009

Posted: 5 Aug 2008

See all articles by J. Kirk Ring

J. Kirk Ring

Wichita State University

Ana Maria Peredo

University of Victoria

James J. Chrisman

Mississippi State University - College of Business

Date Written: August 2, 2008

Abstract

Many rural communities in the United States are economically depressed. However, while poor rural communities are geographically isolated and small, they are likely to be rich in social capital. We first argue that the nature of the social capital in such communities can either facilitate or constrain the development of business networks among entrepreneurs. We then explain the community-level conditions that might increase the probability of business network effectiveness. The primary opportunities that such networks can exploit and their potential spillover effects on economic development are also identified. Finally, we provide directions for research that can contribute to better public policy decisions.

Keywords: rural economic development, business networking, social capital

Suggested Citation

Ring, J. Kirk and Peredo, Ana Maria and Chrisman, James J., Business Networks and Economic Development in Rural Communities in the U.S. (August 2, 2008). Entrepreneurship Theory and Practice, Fall 2009. Available at SSRN: https://ssrn.com/abstract=1197922

J. Kirk Ring (Contact Author)

Wichita State University

United States

Ana Maria Peredo

University of Victoria ( email )

3800 Finnerty Rd
Victoria, British Columbia V8P 5C2
Canada

James J. Chrisman

Mississippi State University - College of Business ( email )

Mississippi State, MS 39762-0964
United States

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