1.3: Entrepreneurial Activity
Enhance Entrepreneurial Activity in the Region Other Information:
Locally owned businesses play an important role in creating sustainable local economies and improving the quality of life
in Appalachian communities, especially in economically distressed areas. Many communities need assistance in developing support
for business incubators and providing entrepreneurial training and financial services. Selected Strategies: Improve access
to investment capital for local businesses by developing new venture capital funds, subordinated debt funds, and micro-credit
lending programs. Educate current and future entrepreneurs through new training programs in middle schools, high schools,
and community colleges. Nurture new businesses by creating technical assistance networks through business incubators, business
associations, and private-sector resources.
Indicator(s):
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