An online modeling tool to assist with identifying potential economic development opportunities in rural communities will be developed as part of a collaborative effort led by Texas A&M AgriLife, Iowa State University and Michigan State University.
By analyzing federal employment and payroll statistics or “big data” the research team will more accurately identify detailed opportunities and thresholds of potential business creation in rural communities, said Dr. Craig Carpenter, the principal investigator on the project, Texas A&M AgriLife Extension Service economist in College Station.
“We are looking at socioeconomic, geographic and industrial factors that influence business success within a region,” Carpenter said. “Anyone will be able to pull up a national map of counties that will have information to assist in determining which industries are threatened or have a chance to expand within their county.”
Learn more about Extension Agricultural Economics
Through the application of science-based knowledge, AgriLife Extension creates high-quality, relevant continuing education that encourages lasting and effective change.
Learn more about Opportunities to Support Extension.