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Expand chart
Reproduced from Center for American Progress; Chart: Axios Visuals

The growth of small businesses has been concentrated in big cities and urban suburbs since the Great Recession, while nearly all rural areas have experienced substantial loss of businesses in the past decade.

Why it matters: "Firm growth is a crucial part of economic development, and business creation has been critical in the aftermath of previous recessions. But policies geared toward encouraging startups have not been effective in rural areas, leading to a growing regional divide," per a new report by the Center for American Progress.

  • Southern rural areas have seen the highest levels of business deaths, with African American communities bearing the brunt of economic decline.
  • Small businesses in the South and rural middle America have been battered by growing consolidation in the agriculture industry, leading to communities being dominated by a single company.

Yes, but: Some pockets of rural America are seeing business growth, even though it pales in comparison to larger cities.

  • Graying America communities are generally recreation-dependent. These communities are located in large states such as Florida, Texas and California.
  • Many Hispanic centers are mining-dependent, especially in the oil and gas industry.
  • Latter-day Saint enclaves in Utah have large youth populations and less population loss than other rural communities.

Between the lines: In rural America, the small business decline is tied to population decline. There's little point in setting up shop in a town with few potential customers.

  • Some have opened their doors to immigrants to increase their populations and generate more small business demand in agriculture, manufacturing, health care and tourism.
  • There's sometimes a "trust gap" to overcome in rural towns where locals tend to be skeptical of newcomers, said CAP senior economist Olugbenga Ajilore, author of the report. Social infrastructure could help bridge that gap, particularly for new migrants.

What's needed: Policymakers should consider expanding the capacity of community business development corporations or co-ops to support rural towns, which are also dealing with other problems like opioid use, hospital closures and unemployment, per CAP.

"Instead of federal government parachuting in and saying, 'Here’s what you need to do,' they should come and say, 'What are you doing and how can we help you do it better?"' said Ajilore.

Go deeper: The disappearing startup

Go deeper

Pacific Northwest's hottest weather on record takes aim this weekend

Computer model projection showing the jet stream winds and "misery index" of surface temperatures on June 27, 2021. (Earth.nullschool.net). The circulation of jet stream winds shows the location of the "heat dome" over the Pacific Northwest.

A "historic" and potentially deadly heat wave is on tap for the Pacific Northwest into southwestern Canada this weekend into early next week, with never-before-seen temperatures possible in cities like Portland, Ore., and Spokane, Wash.

Why it matters: The heat wave will affect a region where many people lack central air conditioning, raising the likelihood for public health impacts. In addition, power demand is likely to spike at a time when hydropower resources are running relatively low due to drier than average conditions.

Supreme Court rules for cheerleader punished by school for Snapchat expletives

The U.S. Supreme Court in Washington, D.C., on Tuesday, June 22, 2021. Photo: Stefani Reynolds/Bloomberg via Getty Images

The Supreme Court ruled 8-1 Wednesday that a school district in Pennsylvania violated the First Amendment by punishing a cheerleader who used expletives in a Snapchat post sent while off campus.

Why it matters: The case pushed the boundaries of students' First Amendment rights and what schools can enforce outside school grounds, especially in the digital age.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

The mobile gaming gold rush

Illustration: Aïda Amer/Axios

Electronic Arts this morning announced that it will pay $1.4 billion to buy Playdemic, a mobile gaming studio whose titles include "Golf Clash," from Warner Bros.

Why it matters: This comes just months after EA paid $2.1 billion to buy Glu Mobile. It also resolves talk that not all of WB Games would get included in the Discovery merger.