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Bringing home successful entrepreneurs

By Becky McCray

Now here is a strategy for rural development: Hope that one of your small town’s alumni will return and pour money on you. Don’t want to wait? Start looking for alumni to bring back, organize general alumni events, and build relationships with people. At the same time, don’t forget your “never lefts,” the people who stayed and committed to your town. Focus on growing your own entrepreneurial successes right where you are.

Hilbert – This rural hamlet of 1,089 residents and no traffic lights was a decidedly sleepy place until Todd C. Thiel returned and began to globalize his hometown.
After a 10-year stint as an investment banker, Thiel moved back, acquired the town’s red-brick bank building – built in 1908 for the State Bank of Hilbert – and turned it into the international headquarters for his financial services group.
…
Thiel, 36, is one of a new breed of entrepreneurs who are able to gravitate toward rural venues because digital technology untethers companies from congested urban centers. If the American heartland is to survive in a global economy, it will need more like him, economists say.

Most of us aren’t billionaire investment bankers. That does not make our contributions to our rural small towns any less important. It is just as important that you do what you can for your community, whether that is employing just yourself or 100 other people.

It’s important for two reasons. Your work on your community benefits you, because you get to keep that small town lifestyle. It also benefits the community at large. You are giving back something to the other people around you.

Small biz survival is not just about moving into a small town and starting up a business. It is about connections, quality of life, people, and building relationships. Many of our rural development challenges are the same across the globe, from Namibia to Nebraska. We are all thinking about outmigration, education, skills, workforce, broadband and technology, and a dozen other challenges. It’s only through sharing that we can really move ahead. That’s why sharing is our mission.

small biz rural entrepreneurship economic development

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About Becky McCray

Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.
  • Are marijuana shops good or bad for small towns? - April 22, 2021
  • Downtown is your town’s core: How to make your case - February 22, 2021
  • Zoom Towns: attracting and supporting remote workers in rural small towns - December 10, 2020
  • In an economic crisis, spend your brainpower before your dollars - November 25, 2020
  • Video: How to fill empty car dealership buildings for the holidays - November 6, 2020
  • How has 2020 changed the challenges rural small towns face? Tell us here - October 20, 2020
  • The Idea Friendly Method to surviving a business crisis - October 6, 2020
  • Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
  • Cheap placemaking idea: instant murals - September 11, 2020
  • Refilling the rural business pipeline - July 7, 2020

July 27, 2006 Filed Under: community, economic development, entrepreneurship, rural, workforce Tagged With: Climate, Infrastructure, Support

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