Prepared under contract solely to the Winthrop Rockefeller Foundation
Authors: Revere, Elspeth and Pogge, Jean. In cooperation with the Illinois Neighborhood Development Corporation
Summary
This report discussed how Arkansas communities needed new strategies to solve their economic development problems if they were to survive and thrive. As Arkansas, like other states, experiences increasing job loss and unemployment, job creation has become a top priority for improving the quality of life of its residents. While industrial attraction has been a popular, and sometimes effective, response to job loss and unemployment, the recent vying for G.M.’s Saturn plant illustrates the increasing competition for outside industries and the high price that communities must pay to be winners in the contest. At the same time, it is becoming evident through national and international experience that most job creation takes place through small business start-ups, expansions, and self-employment.
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Providing Jobs Through Small Business Generation: A Model for Local Economic Development in Arkansas
