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Kenrett Y. Jefferson-Moore, Ph.D. * Seminar Presentation Ege University Faculty of Agriculture Department of Agricultur

Rural Entrepreneurship Development in Southeastern North Carolina Kenrett Y. Jefferson-Moore, Ph.D. * Seminar Presentation Ege University Faculty of Agriculture Department of Agricultural Economics Wednesday, November 7, 2007 Bornova, Izmir, Turkey

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Kenrett Y. Jefferson-Moore, Ph.D. * Seminar Presentation Ege University Faculty of Agriculture Department of Agricultur

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  1. Rural Entrepreneurship Development in Southeastern North Carolina Kenrett Y. Jefferson-Moore, Ph.D.* Seminar Presentation Ege University Faculty of Agriculture Department of Agricultural Economics Wednesday, November 7, 2007 Bornova, Izmir, Turkey North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education *Assistant Professor of Agribusiness

  2. Seminar Outline 1. Overview of NC Agriculture 2. Overview of the Southeastern Region of NC 3. The Rural Entrepreneurship Project 4. Research Interests North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  3. Overview of NC Agriculture North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  4. Overview of NC Agriculture Agriculture’s Importance to the North Carolina’s Global Economy Agriculture & Textiles/Apparel Information Technology NC Global Economy Furniture Biotechnology Manufacturing North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  5. Overview of NC Agriculture (Cont.) • 2002 North Carolina’s Leading Commodities (by value of $1,000 sales) • Poultry and Eggs (2,382,365) • Hogs and Pigs (2,183,646) • Tobacco (630,397) • Nursery, Greenhouse, Floriculture, and Sod (424,478) • Grains, Oilseeds, Dry Beans, and Dry Beans (359,296) • Vegetables, Melons, Potatoes and Sweet Potatoes (215,247) Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  6. Overview of NC Agriculture (Cont.) Grains Vegetables Nursery & Greenhouse Poultry & Eggs Tobacco Hogs & Pigs Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  7. Overview of NC Agriculture (Cont.) Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  8. Overview of NC Agriculture (Cont.) Grains Vegetables Nursery & Greenhouse Hogs & Pigs Tobacco Poultry & Eggs Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  9. Overview of NC Agriculture (Cont.) • Hogs and Pigs • Second leading producer in the U.S. • 2002 Inventories (population) – 9,887,421 • Leading pork producers • Smithfield Foods (Virginia-based) • Fortune 500 company • A world leader in hog production • Vertical integration structure • Prestage Farms • Premium Standard Farms Source(s): USDA, NASS 2002; North Carolina and the Global Economy 2004 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  10. Overview of NC Agriculture (Cont.) Grains Vegetables Nursery & Greenhouse Tobacco Poultry & Eggs Hogs & Pigs Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  11. Overview of NC Agriculture (Cont.) North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  12. Overview of NC Agriculture (Cont.) • Tobacco • Leading producer in the U.S. of flue-cured tobacco • 2002 Number of producers – 7,850 • Tobacco Acreage – 167,677 acres • Average Tobacco Acreage per Farm – 21.4 Source: USDA, NASS 2002 North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  13. Overview of the Southeastern Region North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  14. Overview of the Southeastern Region of NC • Seven Economic Development Regions • Advantage West • Charlotte • Piedmont Triad • Research Triangle • Southeast • Eastern • Northeast Source: NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  15. Overview of the Southeastern Region of NC (Cont.) Source: NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  16. Overview of the Southeastern Region of NC (Cont.) Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  17. Overview of the Southeastern Region of NC (Cont.) North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  18. Overview of the Southeastern Region of NC (Cont.) • Socioeconomic Indicators • Unemployment Rates • Poverty Rates • Educational Backgrounds • Agricultural Receipts Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  19. Overview of the Southeastern Region of NC (Cont.) Unemployment Rates Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  20. Overview of the Southeastern Region of NC (Cont.) Poverty Rates Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  21. Overview of the Southeastern Region of NC (Cont.) Percentage of College Graduates Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  22. Overview of the Southeastern Region of NC (Cont.) Source: NC Rural Economic Center and NC Department of Commerce North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  23. The Rural Entrepreneurship Project North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  24. The Rural Entrepreneurship Project (Cont.) • Major Strengths (Available Resources) • Business Incubators • Chambers of Commerce • Community Development Corporations, North Carolina Rural Center • Council for Entrepreneurial Development • Lead Regional Organizers • Microenterprise Loan Program Sites • North Carolina Community Development Initiative, Inc., CDCs • North Carolina Center for Women Business Owners • Small Business and Technology Development Center • Small Business Center Network Source: NC Rural Economic Center North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  25. The Rural Entrepreneurship Project (Cont.) • Major Weaknesses (Unavailable Resources) • Chamber of Commerce and Incubators are absent from Bladen County • Community Development Corporations only available in Columbus County • Microenterprise Loan Program sites in all counties with the exception of Scotland • CDCs are limited to neighboring metro areas – Fayetteville and Wilmington (outside geographical area) • Small Business Centers available in all counties excluding Scotland County Source: NC Rural Economic Center North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  26. The Rural Entrepreneurship Project (Cont.) • Suggestions for Future Outreach Activities Promoting Job Creation through Entrepreneurship • Easier Access to Available Resources – Business Incubation, Community, Technical Networking/Support • An Increase in Training – Business and Marketing Plan Development • An Increase in One-on-One Consultation • Organization Peer Networks • An Increase in Funding Opportunities • Communication – Information! Information! Information! North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

  27. Thank You Any Questions? North Carolina Agricultural & Technical State University School of Agriculture & Environmental Sciences Department of Agribusiness, Applied Economics, & Agriscience Education

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