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Entrepreneurship

Most Dynamic Micropolitans 2020

The newest installment of the annual report, "Most Dynamic Micropolitan Regions," that ranks 515 micropolitans–regions by their economic performance. Out of the micropolitans that Heartland Forward analyzed, Pecos, Texas; Jackson, Wyoming-Idaho; and Summit Park, Utah ranked as the first, second, and third most dynamic micropolitans. Tourism, energy, and robust entrepreneurship were the most common strengths among the top 30 places.

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Did Retail and Other Service Businesses Receive Their Fair Share of PPP Loans?

While retail businesses in 10 states across the Heartland received a share of PPP loans greater than or equal to their share of total firms, retail businesses in the other 10 states and other services businesses in all states did not receive their fair share. This could be due to the types of businesses that make up these industries and how the PPP loans were distributed.

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Did Businesses in the Manufacturing Industry Receive Their Fair Share of PPP Loans?

Manufacturers in Ohio had the highest participation rate in PPP among Heartland states. In roughly one-third of Heartland states, manufacturers received a greater share of PPP loans than they represented among firms. Among the remaining 13 states, the manufacturers’ share of PPP loans in seven states were within ten percent of their share of all employer firms.

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Did Hospitality-Related Businesses Receive Their Fair Share of PPP Loans?

Hospitality industry businesses across the Heartland likely did not receive their fair share of loans in PPP.

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Did Female-Owned Businesses Receive Their Fair Share of PPP Loans?

Across racial and ethnic categories, Hispanic female-owned businesses received their fair share of PPP loans; in most states, however, female-owned businesses across all five racial categories did not receive a proportionate share of PPP loans to employer firms.

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Did Asian- and American Indian-Owned Businesses Receive Their Fair Share of PPP Loans?

Asian-owned businesses are more likely to be employer firms, and they likely received an equitable share of PPP loans in most Heartland states. American Indian-owned firms, which are much more likely to be non-employer firms, likely did not receive their fair share of PPP loans throughout the Heartland. The disparate employment pattern may explain in part why Asian-owned firms faired better than American Indian-owned firms in receiving PPP loans.

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Did Black- and Hispanic-owned Businesses Receive Their Fair Share of PPP Loans?

The vast majority of Black- and Hispanic-owned businesses in the Heartland do not have employees, and that may have resulted in the two groups receiving inequitable shares of Payroll Protection Program loans.

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Does Geography Determine Destiny? The Inequality of Opportunity Across the Heartland, Highlighted by the COVID Crisis

Ross DeVol and Angie Cooper
We are all invested in the idea of upward economic mobility, grounded in the notion that with hard work, we can build a better life for ourselves, our communities and our children. Unfortunately, the analysis in this report makes it clear that the distribution of opportunity has been and continues to be uneven.

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The urban prairie

A report in May by Heartland Forward, a think-tank of the Walton family (who own Walmart), laments that old, big companies do well in the region, but young firms rarely flourish. That is especially true in places that fail to encourage research and innovation.

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Young firms can accelerate economic growth post COVID-19

Entrepreneurs and young firms are the future major employers and they need support.

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Young Firms and Regional Economic Growth

Young firms and the entrepreneurial ecosystems that spawned and nurtured them determine the economic destiny of communities.

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Coronavirus Regional Economic Impacts and Policy Responses

How COVID-19 will impact communities in the Heartland and beyond, and how policymakers can respond

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Millennials Find New Hope In The Heartland

The contributors address a fundamental topic for future economic success
in the Heartland: Will Millennials return and remain at higher rates?

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Launch Press Release

First-Of-Its-Kind Institute Will Focus On Research And Policy Recommendations To Foster Economic Renewal In America's Heartland

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Most Dynamic Metropolitans

Our Most Dynamic Metropolitan Index, and the analysis contained in this report provides objective insight into the communities providing economic opportunity for their residents, separating high performers from the low. Most Dynamic Metropolitans provides fact-based metrics on near-term and medium-term performance and prospects for long-term growth.

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Most Dynamic Micropolitans

Main Street America—and its small towns—is a central component to understanding the economic forces at work across the United States. Dotting the U.S. map—in the Heartland1 and beyond—are 531 small towns, better known as micropolitan statistical areas, which comprise of one or more counties with at least one city with more than 10,000 but less than 50,000 in population.

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The American Heartland's Position in the Innovation Economy

Heartland States Lag Behind Coastal States in the Innovation Economy

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American Heartland Counties Targeted by Chinese Tariffs on U.S. Crops

Trade and tariffs with China cause economic hardship on America’s Heartland Economy – counties and crops across the Heartland are affected most.

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Incentivize Entrepreneurial Behaviors at Universities – Especially in the Heartland

For more than half a century the U.S. has maintained a competitive edge in the world economy in large measure because of its leadership in research and innovation. To assume that this will continue without change is naive.

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How do Research Universities Contribute to Regional Economies?

The American research university is the nation’s best defense against economic competition from the rest of the world. Research shouldn’t be confined to a library, lab, or lecture hall. When it comes to America’s research universities, across the Heartland and beyond, data show that when universities and communities collaborate, the positive impacts on the workforce, tax base, startup activity and economy opportunity grow exponentially.

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5G: Amplifying or bridging the Rural-Urban Divide?

5G, the fifth generation of wireless communications, has the potential to make the opportunity cost of rural living much larger, maybe insurmountably so.

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Guiding Student-Athletes to Entrepreneurial Success

A Heartland Start-up Spotlight on Krystal Beachum’s Student-Athletes Unite.

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Micropolitan Success Stories from the Heartland

Smaller locales are not necessarily known for their economic dynamism. Nonetheless, cluster attributes exist through thoughtful guidance. The five communities’ economic successes were not the result of random, serendipitous events.

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State of the Heartland: Factbook 2018

The State of the Heartland: Factbook 2018 benchmarks the performance of the 19-state American “Heartland” on 26 socioeconomic measures and is intended to help Heartland leaders and citizens better comprehend the region’s current trajectory at a time of rapid economic and social change.

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