Tourism and Manufacturing Propel Top-Performing Small-Town Economies
Small towns in America are often associated with economic struggles, but some are bucking this trend by leveraging their natural advantages in sectors like tourism and manufacturing. These towns are experiencing remarkable growth, defying the economic challenges that typically plague rural areas.
Research by the Walton Family Foundation reveals that travel, tourism, and recreation are key industries driving the economic success of these small towns. For instance, Pecos, Texas, has been ranked as the top-performing small town in America, while Summit Park, Utah, and Jackson, Wyoming-Idaho follow closely behind. These towns have cultivated strong local economies by capitalizing on their unique attractions and natural beauty.
Another critical factor is the prevalence of professional services, which provides a robust workforce and boosts local incomes. The presence of research universities and 4-year colleges also enhances the local talent pool, attracting companies that need skilled workers. This synergy between economic activity and quality of life has led to a net in-migration of people to these thriving small towns.
Manufacturing is another significant contributor to the economic strength of these towns. The resurgence of industry is fueled by technological advancements, improvements in broadband infrastructure, and the shift toward high-tech production. Cities like Wenatchee, Washington, and Twin Falls, Idaho, have made substantial strides in enhancing broadband coverage, making them attractive destinations for businesses dependent on this technology.
The service sector also plays a vital role, with towns focusing on providing excellent local services, such as hospitality and accommodations. This attention to local needs ensures that residents and visitors alike have access to the services they need, fostering a sense of community and stability. By adopting these strategies, small towns can not only survive but thrive, providing a brighter future for their residents.
