------------ The Path to Economic Resilience in Rural Areas OECD Centre for Entrepreneurship, SME’s, Regions and Cities Improving Rural Resilience
------------ Context Canada: 18% - 30% rural Newfoundland and Labrador: 42% Primarily natural resource extraction 30% of GDP Economic restructuring, demographic trends, infrastructure and service deficits, “retreat from rural” Key sectors growing, quality of life and natural amenities, strong social cohesion Governance Weak local government system Constitutional mismatch
------------ Support Canada Rural Economic Development Minister Centre for Rural Economic Development Atlantic Canada Opportunities Agency Newfoundland and Labrador Regional Economic Development division within Department of Industry, Energy and Technology Non-profits filling gaps Very recent moves towards rural economic development strategies
------------ Conclusion Market vs place-based approaches Planning vs action Local/regional capacity to engage Integration is a challenge Frameworks are nascent, don’t address fundamentals (support to vs empowering) Successes in late 1990’s still hold promise