Sunday, November 13, 2016
When Pies and Wine Sweeten Economic Growth- Julian Michigan
With a median household income of $51,000, high home ownership rate, and population of 1,500 people, the economy relies heavily on tourism income that include Gold Rush structures, quint stores, mine tours, wine bars, and restaurants. Future job growth is expected to beach national average at 39.4%. Revitalization has occurred through maximizing tourism income and popular attractions.
Many American cities have not been so lucky and small businesses have failed to survive (Gunwell & Ha, 2014). Some success has been found in anchor institutions such as companies, industry, higher education, or healthcare. However, many small towns do not have these institutions to start building related industries.
It will also be beneficial for small towns to diversify their offerings to develop and maintain employment while not changing their flavor and culture. For example, marketing pies to a wider market and building a stronger food production industries could be one way to go while manufacturing western gift souvenirs could be another.
Grunwell, S. & Ha, I. (2014). How to revitalize a small rural town? An empirical study of factors for success. University-community collaboration with a ssmall hisstoric rural tourism town. Journal of Rural & Community Development, 9 (2).