@article{Nagy:132294,
      recid = {132294},
      author = {Nagy, Cecil N. and Olfert, M. Rose and Skotheim, J.},
      title = {Targeting Business Investment in Rural Communities},
      journal = {Journal of Regional Analysis and Policy},
      address = {2004},
      number = {1100-2016-89955},
      pages = {21},
      year = {2004},
      abstract = {Many agricultural-based communities in the Great Plains  region
of North America face declining rural populations  and shrinking market
size to levels eventually insufficient  to maintain their functions. In response,
rural communities  often pursue a variety of business recruitment
and  retention initiatives including incentives to entice new  business to
their location. This paper estimates a model of  business-community
compatibility designed to assist  communities in identifying potential
business  opportunities, given the community’s characteristics. An  Industrial
Targeting system for Rural Communities (ITRC)  model is developed
to suggest business investment  alternatives, and the prerequisite
conditions for  attracting them. Findings suggest that industrial  targeting
is a complex, iterative, and often creative  exercise and that a detailed investigation
of business  requirements and community attributes is  informative.
However, the ITRC model must be used along  with other information
about local and regional economic  and institutional conditions.},
      url = {http://ageconsearch.umn.edu/record/132294},
      doi = {https://doi.org/10.22004/ag.econ.132294},
}