WASHINGTON, July 6, 2023 – Rural small businesses face a unique set of challenges, but they also have advantages over their urban and suburban counterparts – such as a tendency to be more profitable.
Entrepreneurial Benefits of a Rural Environment
Rural businesses tend to operate at a higher profitability margin than urban businesses (56 percent to 53 percent on average), and they are typically comparable in revenue to urban companies, according to a meta-analysis by SCORE, mentors to America’s small businesses. This means rural entrepreneurs keep more of their business revenue and are