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Rural Entrepreneurship Development in Southeastern North Carolina Kenrett Y. Jefferson-Moore, Ph.D. * Seminar Presentation Ege University Faculty of Agriculture Department of Agricultural Economics Wednesday, November 7, 2007 Bornova, Izmir, Turkey

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slide1

Rural Entrepreneurship Development

in

Southeastern North Carolina

Kenrett Y. Jefferson-Moore, Ph.D.*

Seminar Presentation

Ege University

Faculty of Agriculture

Department of Agricultural Economics

Wednesday, November 7, 2007

Bornova, Izmir, Turkey

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

*Assistant Professor of Agribusiness

seminar outline
Seminar Outline

1. Overview of NC Agriculture

2. Overview of the Southeastern Region of NC

3. The Rural Entrepreneurship Project

4. Research Interests

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

overview of nc agriculture
Overview of NC Agriculture

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

overview of nc agriculture4
Overview of NC Agriculture

Agriculture’s Importance to the

North Carolina’s Global Economy

Agriculture &

Textiles/Apparel

Information

Technology

NC Global Economy

Furniture

Biotechnology

Manufacturing

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide5

Overview of NC Agriculture (Cont.)

  • 2002 North Carolina’s Leading Commodities (by value of $1,000 sales)
    • Poultry and Eggs (2,382,365)
    • Hogs and Pigs (2,183,646)
    • Tobacco (630,397)
    • Nursery, Greenhouse, Floriculture, and Sod (424,478)
    • Grains, Oilseeds, Dry Beans, and Dry Beans (359,296)
    • Vegetables, Melons, Potatoes and Sweet Potatoes (215,247)

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide6

Overview of NC Agriculture (Cont.)

Grains

Vegetables

Nursery &

Greenhouse

Poultry &

Eggs

Tobacco

Hogs &

Pigs

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide7

Overview of NC Agriculture (Cont.)

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide8

Overview of NC Agriculture (Cont.)

Grains

Vegetables

Nursery &

Greenhouse

Hogs & Pigs

Tobacco

Poultry &

Eggs

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide9

Overview of NC Agriculture (Cont.)

  • Hogs and Pigs
    • Second leading producer in the U.S.
    • 2002 Inventories (population) – 9,887,421
    • Leading pork producers
      • Smithfield Foods (Virginia-based)
        • Fortune 500 company
        • A world leader in hog production
        • Vertical integration structure
      • Prestage Farms
      • Premium Standard Farms

Source(s): USDA, NASS 2002; North Carolina and the Global Economy 2004

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide10

Overview of NC Agriculture (Cont.)

Grains

Vegetables

Nursery &

Greenhouse

Tobacco

Poultry &

Eggs

Hogs & Pigs

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide11

Overview of NC Agriculture (Cont.)

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide12

Overview of NC Agriculture (Cont.)

  • Tobacco
    • Leading producer in the U.S. of flue-cured tobacco
    • 2002 Number of producers – 7,850
    • Tobacco Acreage – 167,677 acres
    • Average Tobacco Acreage per Farm – 21.4

Source: USDA, NASS 2002

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

overview of the southeastern region
Overview of the Southeastern Region

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide14

Overview of the Southeastern Region of NC

  • Seven Economic Development Regions
    • Advantage West
    • Charlotte
    • Piedmont Triad
    • Research Triangle
    • Southeast
    • Eastern
    • Northeast

Source: NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

overview of the southeastern region of nc cont
Overview of the Southeastern Region of NC (Cont.)

Source: NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide16

Overview of the Southeastern Region of NC (Cont.)

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide17

Overview of the Southeastern Region of NC (Cont.)

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide18

Overview of the Southeastern Region of NC (Cont.)

  • Socioeconomic Indicators
    • Unemployment Rates
    • Poverty Rates
    • Educational Backgrounds
    • Agricultural Receipts

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide19

Overview of the Southeastern Region of NC (Cont.)

Unemployment Rates

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide20

Overview of the Southeastern Region of NC (Cont.)

Poverty Rates

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide21

Overview of the Southeastern Region of NC (Cont.)

Percentage of College Graduates

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide22

Overview of the Southeastern Region of NC (Cont.)

Source: NC Rural Economic Center and NC Department of Commerce

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

the rural entrepreneurship project
The Rural Entrepreneurship Project

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide24

The Rural Entrepreneurship Project (Cont.)

  • Major Strengths (Available Resources)
    • Business Incubators
    • Chambers of Commerce
    • Community Development Corporations, North Carolina Rural Center
    • Council for Entrepreneurial Development
    • Lead Regional Organizers
    • Microenterprise Loan Program Sites
    • North Carolina Community Development Initiative, Inc., CDCs
    • North Carolina Center for Women Business Owners
    • Small Business and Technology Development Center
    • Small Business Center Network

Source: NC Rural Economic Center

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide25

The Rural Entrepreneurship Project (Cont.)

  • Major Weaknesses (Unavailable Resources)
    • Chamber of Commerce and Incubators are absent from Bladen County
    • Community Development Corporations only available in Columbus County
    • Microenterprise Loan Program sites in all counties with the exception of Scotland
    • CDCs are limited to neighboring metro areas – Fayetteville and Wilmington (outside geographical area)
    • Small Business Centers available in all counties excluding Scotland County

Source: NC Rural Economic Center

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide26

The Rural Entrepreneurship Project (Cont.)

  • Suggestions for Future Outreach Activities Promoting Job Creation through Entrepreneurship
    • Easier Access to Available Resources – Business Incubation, Community, Technical Networking/Support
    • An Increase in Training – Business and Marketing Plan Development
    • An Increase in One-on-One Consultation
    • Organization Peer Networks
    • An Increase in Funding Opportunities
    • Communication – Information! Information! Information!

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education

slide27

Thank You

Any Questions?

North Carolina Agricultural & Technical State University

School of Agriculture & Environmental Sciences

Department of Agribusiness, Applied Economics, & Agriscience Education