Rural Manufacturing Survival and Its Role in the Rural Economy
Manufacturing is more important to the rural economy than to the urban economy. Rural manufacturing plants survive longer than urban plants, making rural areas better poised to retain manufacturing jobs.Access to financial capital is strongly associated with rural plant survival, while State and local tax rates may not be. However, U.S. manufacturing employment has been declining since the 1950s. Between 2001 and 2015, a period that included the 2001 and 2007-09 recessions, manufacturing employment fell by close to 30 percent. [node:read-more:link]