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How We Become

Rural Prosperity Starts With Local Assets

A Federal Reserve publication argues for long-term investment in the strengths rural communities already hold.

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Rural communities are often described by what they lack. Residents usually see a fuller picture. They know the local businesses, land, skills, relationships, and traditions that can support a stronger future.

The Federal Reserve published Investing in Rural Prosperity in 2021. The book brings together researchers, practitioners, philanthropists, and local leaders. It offers a framework built around local assets, broad participation, connection to regional systems, and long-term capacity.

Organizing helps a town use those ideas. Residents can map local strengths, set priorities, and bring farmers, employers, schools, health providers, and local government into the same conversation. The work may lead to a small-business network, a childcare plan, a food hub, or a strategy for keeping young people connected to opportunity.

The book is a collection of research and examples, rather than one national test of a single program. Rural places differ greatly, and a model that works in one region may need major changes elsewhere.

Funders new to organizing can enter through rural leadership and economic resilience. Useful support includes convening, planning, leadership development, and patient capital. These investments help local people turn knowledge and relationships into projects that fit their own place.

Research Note

Source:

Investing in Rural Prosperity | Federal Reserve Bank of St. Louis and Federal Reserve Board | 2021

Evidence Type:

Edited research and practice volume

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