Home-based businesses are an often overlooked economic development strategy. Home-based businesses are enterprises that operate from one's home or on that property. On average, about one out of every 10 households operates a home-based business. For a town of only 1,000 people, this may mean over $750,000 of dollars being generated for the economy, based on the average gross revenue of $25,000 per business. You can find more information about this opportunity in this publication from the Oklahoma Cooperative Extension Service (F-915): "Home-Based Businesses: An Economic Development Alternative".
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Home-based businesses: Should they be part of a community's economic development plan?
Last Updated: December 14, 2011
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