What do you aspire for Rural Maryland?
Transfer of Wealth Study
The Rural Maryland Foundation is requesting proposals to conduct a Transfer of Wealth (TOW) Study to determine the potential economic impacts of transferred wealth from rural communities to urban counterparts. The information gathered from the study will assist with creating solutions that will help to mitigate the financial burden transferred wealth has on rural communities, and will seek ways to encourage and strengthen rural philanthropy and investment.
Maryland’s rural population is increasingly aging as the younger generation moves into urban settings and retirees choose to move into rural communities. For example, in Worcester County Maryland, approximately one-third of its population will be 65 or older by 2030. When this older generation passes on, the accumulated wealth is transferred to the next; however, this intergenerational transfer usually means that the accumulated wealth moves from the rural community in which it was held to a suburban or urban one. Community investment is lost if heirs live elsewhere and take the money with them.
Youth Assessment Survey and Regional Planning Initiative
The Rural Maryland Council (RMC) and the Upper Shore Regional Council (USRC) agreed to partner together on a youth engagement project in Cecil, Kent, and Queen Anne’s Counties. This project, as envisioned, will provide tools and a framework necessary for our communities to engage young people and keep them rooted in our rural areas.
The economic recovery of our State’s rural areas depends upon engaging young people to not only stem their flow from rural areas but also to invest in the future. For decades, individuals ages 18 to 35 have left our rural communities. The good news is that many would stay if there were viable career opportunities available. Most believe that their rural communities would be a great place to raise their own families; however, actions must be taken to ensure that young people have tangible opportunities to invest in their hometowns as places that offer both a great quality of life and economic opportunities.
The RMC and the Upper Shore Regional Council, through the Center for Rural Entrepreneurship, conducted a web-based survey administered with the assistance of county school administrators. The survey explores students’ plans for the future with a special focus on perceptions about their home communities, business ownership, and career interests. The findings of this survey provide encouragement for rural community leaders and developers to build upon the too often untapped potential and energy of young people. Our community leaders can take immediate steps to cultivate the full potential of their youth population. Utilizing the information obtained from this project will help local leaders realize goals for youth engagement, retain and attract young adults and families to our communities.
The Upper Shore Regional Council’s Youth Assessment and Regional Planning Dashboard showcases the results of this joint effort. We invite you to visit the website to see survey responses. You can query the results by grade, gender, school/county, and individual question. In addition, the Upper Shore Youth Engagement Assessment Initiative Final Report is available to view.
The RMC and the Upper Shore Regional Council, through the Center for Rural Entrepreneurship, also conducted a survey for Allegany County public and private schools. We invite you to read the survey responses in the Bridges Youth Engagement PowerPoint and Youth Engagement Allegany Co 2015 Brief.