Economic development strategies for rural communities in the United States must come from a tailored approach, depending on the needs and makeup of various regions. McKinsey identified five archetypes of local economies, from resource-rich regions to distressed Americana. A focus on particular workforces and connectivity efforts are key to promoting economic success in these areas, according to McKinsey research.
To read the article, see “Rural rising: Economic development strategies for America’s heartland,” March 30, 2022.