What Makes Certain Rural Economies Resilient?

A new report detailing what makes certain rural Colorado economies more resilient than others has been released by the Colorado Office of Economic Development and International trade. The report found that key indicators of economic resiliency were the quality of life, education and health care and industry diversity. Factors that prevent economic resiliency include low levels of housing availability, a stifled labor market, and the failure to keep youth and families living in the area. To help improve economic resiliency the report recommends that rural areas establish a focused vision for their community. It also suggests investing in the community, taking risks, and empowering their leaders to work for the community. The report recommends investments be made towards education and healthcare and that rural communities collaborate together to help solve regional issues. To view the full report click here.

Comments are closed.