Why Consider Entrepreneurship as Central to a Rural Development Strategy?
Entrepreneurs organize and grow new businesses in varied circumstances and, consequently, accept risk. More broadly, they have been defined as “essential agents of change who accelerate the generation, application and spread of innovative ideas and in doing so . . . not only ensure efficient use of resources, but also expand the boundaries of economic activities.”1 Inherent in this view are innovation and growth, highly desirable economic qualities that can be put to work for the benefit of rural economies. Maine’s diverse natural resource base and a culture that values initiative and independence have contributed to a tradition of entrepreneurship. This is reflected in the state’s strong home-based business sector. In supporting entrepreneurship, rural Maine communities recognize that many individuals and families make their living from creative uses of natural resources by farming, fishing, and/or logging. A single entrepreneur must use multiple talents to survive in a climate that i
