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Entrepreneurial Programs: Which Contribute to Oklahoma Business Owners' Success?

Authors
Disciplines
  • Economics
  • Mathematics

Abstract

Entrepreneurial Programs: Which are the most valuable to Oklahoma Business Owners? Entrepreneurial Programs: Which Contribute to Oklahoma Business Owners’ Success? Lara Brooks1, Brian Whitacre1, Glenn Muske2, Mike Woods1, Dave Shideler1,3 1 Department of Agricultural Economics Oklahoma State University 2 Center for Community Vitality North Dakota State University Extension 3 Presenting and Corresponding Author [email protected] 405-744-6170 Poster prepared for presentation at the Agricultural and Applied Economics Association 2010 AAEA, CAES, and WAEA Joint Annual Meeting, Denver, Colorado, July 25-27, 2010 Copyright 2010 by Lara Brooks, Brian Whitacre, Glenn Muske, Mike Woods, and Dave Shideler. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Many rural communities are adopting entrepreneurship and small business development services as components of their economic development programs. These programs can comprise several components, from small business management training to providing locally available financing or loan programs to incubation facilities. As rural communities face declining tax bases (due to out-migration) and recession-related fiscal stress, knowing which of these programs best utilizes scarce funds is critical. A partial answer to this question comes by understanding which services small business owners utilize and which contributed to their success. Data were collected from a random sample of 1,200 Oklahoma households via a telephone survey. Respondents were asked whether they or anyone in the household ran a small business. After removing observations with missing data, 149 households remained (12.4% of the original sample). Objectives: 1. Identify which locally provided services (mentoring, small business management tra

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