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Poverty and Opportunity in Rural & Small Town Settings

Poverty and Opportunity in Rural & Small Town Settings. Karl Stauber, Ph.D. Rural Philanthropy January 2011. Playing By the Rules -- Past. Prosperity. Subsistence. Survival. The Old Rules—Subsistence . Get Minimal Education Stay Out of Trouble Get a Low Wage-Low Skill Job

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Poverty and Opportunity in Rural & Small Town Settings

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  1. Poverty and Opportunity in Rural & Small Town Settings Karl Stauber, Ph.D. Rural Philanthropy January 2011

  2. Playing By the Rules -- Past Prosperity Subsistence Survival

  3. The Old Rules—Subsistence • Get Minimal Education • Stay Out of Trouble • Get a Low Wage-Low Skill Job • Produce Commodities Cheaply • Live Frugally • Your Children Will Do Better

  4. Today’sReality Prosperity Subsistence Survival

  5. Trends in Employment, Danville MSA, 1998-2008. Source: BLS.

  6. New Rules—New Reality

  7. Rural Poverty Reduction Requires Targeted Rural Prosperity Initiatives We know: Communities and firms without competitive advantage will not prosper—they lapse into decline or subsistence. Nations, communities, and firms that prosper constantly invest in creating new competitive advantage rather than protecting old advantage. Risk-taking entrepreneurs are one of the keys to creating new advantages.

  8. Rural Poverty Reduction Requires Targeted Rural Prosperity Initiatives Economic improvement and growth alone are not enough to sustain communities. They are necessary, but not sufficient. Communities that survive and prosper also invest in building the social and human capital of their institutions and people. But communities with high social and human capital and declining economic opportunity are not likely to have positive futures.

  9. Rural Poverty Reduction Requires Targeted Rural Prosperity Initiatives • Competitive Advantages usually benefits those in Prosperity. • We must induce Competitive Advantage to benefit those in Subsistence & Survival. • The Market will not do on Its Own.

  10. Rural Community Types and Strategies Capacity High + + + + + + Opportunity + Low --------------------------------------------------------------------------------------------- High + + + + + + + Low

  11. Rural to National--Challenges World View Philanthropy + + + + + + Scale + Local------------------------------------------------------------------------------------------National + + + + + + + Charity

  12. Investment Approaches Old Competitive Advantage New Competitive Advantage Cluster Development , Networking & Finance New Products & Production Efficiency High Capacity Community Low Capacity Community Training, Infrastructure & Recruiting Entrepreneurship, TA, & Bridge Finance

  13. Rural Poverty Reduction • Creating Opportunities to Connect to and Making Sure Low Income Families Benefit via • Targeted business recruitment • Human capital development • Creation and support of community capacity • Alternative connecting strategies • Building regional competitive advantage

  14. Today’s Reality Federal & State Policy, Local & Regional Practice Rarely Integrate: • Workforce Development • Economic Development • Poverty Reduction Strategies

  15. Contact Info Karl N. Stauber President & CEO Danville Regional Foundation 103 S. Main St. Danville, VA 24541 434-799-2176 kstauber@danvilleregionalfoundation.org www.danvilleregionalfoundation.org

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