An Appalachian Regional Commission-sponsored conference on entrepreneurship stressed that the availability of investment capital is important to economic development in Appalachia and other rural areas, but it is not enough. A local social and business culture that embraces entrepreneurship and risk-taking must be developed through…

Describes Kentucky Highlands Investment Corporation (KHIC), a nonprofit community development organization that creates jobs and helps small manufacturing businesses succeed in nine "perpetually poor" rural Kentucky counties. Outlines KHIC services: loans for both expansion and working capital; equity and real estate investments;…