Statistics indicate that Nebraska has done well with attracting business, creating jobs and exporting goods. The state has an aggressive economic development program that reflects its understanding that rural policy cannot focus just on agriculture. The impact of programs that include leadership development, education, and infrastructure development is apparent in communities across the state. . . . However, small towns in Nebraska contend with the typical issues of communities in all isolated areas. Unless they are near an urban area, have scenic or recreational attractions, and have convenient transportation and communication infrastructure, small towns can find themselves in a downward spiral of closed businesses, lost jobs, deteriorating housing, and declining population.
Isolation can be both a liability and an attraction.
Isolation can be both a liability and an attraction. We heard a lot about the quality of life in small-town Nebraska. We saw determined action aimed at preserving the choice of a rural lifestyle for current residents and their children. Subscribers are also receiving in the mail with this issue a copy of another Federal Reserve Bank publication, Financial Industry Perspectives .