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Revitalizing the Retail Trade Sector in Rural Communities: Experiences of 13 North Dakota Towns

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Title: Revitalizing the Retail Trade Sector in Rural Communities: Experiences of 13 North Dakota Towns
Author: Ekstrom, B.L.; Bastow-Shoop, H.; Mortesen, T.L.; Leistritz, F.L.
Description: The slow death of small town retail in North Dakota during the 1980's is analyzed. These small towns had a very difficult time adjusting to a changing marketplace. Small town economies could be devastated by the loss of their retail districts. The study presented in this article had the intention of providing strategies that proved most effective in addressing best the retail, economic concerns of rural, retail trade. Of those smaller, not surprising those that fared best had stronger stronger community support and greater local local support from such organizations as the local Chamber of Commerce. Lack of entrepreneur sources greatly limited business creation and growth. Smaller businesses had less access to technical assistance in developing a business plan and in making key financial management decisions. Offering financing and technical assistance may offer some aid addressing the 'new, emerging, retail trade markets.
Date: 1990
Subject: Economics
Rural communities
Permalink: http://hdl.handle.net/10365/8288

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