While quality of life continues to improve in urban America, there is growing concern that rural America is falling behind, and in harmony with this trend, the continued economic hardships associated with living in the Adirondacks highlight the increased need for tools to promote economic development within the region. While increased access to capital is widely accepted as a necessary improvement in order to create economic development, there are many techniques for increasing this access each with varying levels of success, and the challenge is often to find the most suitable technique for a region given that regions unique characteristics. One of the key characteristics that set the Adirondacks apart from other rural regions is the presence of the Park, and as this paper looks to microfinance as a tool to increase access to capital, the Park must be weighed into every decision.
Springer, Elias, "Microfinance and its role in promoting small business development in the Adirondacks" (2013). Summer Research Fellowships. 5.