Abstract
Success among rural community development corporations (CDCs) was analyzed using limited liability theory and organizational characteristics theory. Data were derived from a survey of 106 CDCs in North Dakota and South Dakota collected in the fall of 1989. Indicators of limited liability included membership, support, and activity variables while organizational indicators included leadership and decision making, organizational structure, and finance variables. Success was measured in terms of net change in businesses and jobs and achievement of the CDC goals. Stepwise regression was used to determine which set of indicators best predicted success. The results indicate that knowledge of the investment atmosphere which surrounds the CDC more effectively predicts the eventual success of a rural CDC than does knowing its organizational structure. Thus, insight into a community's demographic profile and its environment are key to understanding success of rural CDCs.
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