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Explore our research into the unique challenges and opportunities that face small towns and rural areas.

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Podcast
Sept. 10, 2025

Mary Donnan and Victor Farmer discuss two projects in the Fifth District that illustrate the challenges of economic development in rural communities and the importance of philanthropic organizations in addressing those challenges. They also reflect on how the Richmond Fed's Community Investment Training program helped move the projects forward. Donnan is executive director of the Alleghany Foundation and Farmer is director of the Boone Memorial Health Community Foundation.

Article
Third Quarter 2025

In recent years, some small towns that were losing population have started growing again. What do they have in common?

Tom Barkin
President and Chief Executive Officer

Podcast
July 23, 2025

At the Richmond Fed's sixth annual Investing in Rural America Conference, three communities in Virginia and North Carolina shared how they have used on-demand microtransit to address the lack of public transportation options that create barriers for residents without cars.