Source: The Chicago Council on Global Affairs

Moving "past silos and smokestacks" will be a must for the rural Midwest to reinvent itself to compete in the global economy, according to a new report released by the Chicago Council on Global Affairs. The report calls on towns and counties, competing with each other for industry and manufacturing jobs and investments, to join forces to spur innovation and entrepreneurship.

The report was released as the U.S. Department of Agriculture’s Rural Development Directors of the 12 Midwestern states — Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin — met in Chicago last week  to discuss how to allocate nearly $722 million in stimulus funds that the assembled states have in lending authority.

Original press release