Corporations: Saving a Small Town

Like many other farm towns across the country, Forest City, Iowa (pop. 2,900) was dying. The region's corn and hog farms were too small to be tilled profitably, and its greatest exports were people. Youngsters grew up and moved to nearby Minneapolis — and beyond — to find work, leaving their parents behind to rock in the sun and talk over old times.

That was 13 years ago. Then the town's elders decided to fight the out-migration by bringing industry to Forest City. Today Winnebago Industries, the company a town created, has become the largest manufacturer of recreational vehicles...

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