Home
/
RELIGION & LIBERTY ONLINE
/
Why J.D. Vance is bringing venture capital to the Rust Belt
Why J.D. Vance is bringing venture capital to the Rust Belt
Jan 20, 2026 11:14 AM

As Americans continue to face the disruptive effects of economic change, whether from technology, trade, or globalization, many have wondered how we might preserve or revivethe regions that have suffered most.

For progressives and populists alike, the solutions are predictably focused on a menu of government interventions, from trade barriers to wage minimums to salary caps to a range of regulatory constraints.

For conservatives and libertarians, the debate has less to do with policy and more to do with the arc of the individual choices at stake — namely, whether displaced workers should remain and re-invest in their munities or simply pack up and move to where prospects look rosier.

Last winter, Kevin Williamson lit a fire of sortsthat put the core, intra-conservative debate on full display, arguing heavily on the side of geographic mobility for the poor. “If the work is ing to the people, then the people have e to the work,” he wrote. “There is not a plausible third option.”

The subsequent debateincluded thedividing lines peting conservative camps that e to expect: “localists” vs. “traditionalists” vs. munitarian conservatives” vs. “dogmatic free marketeers,” and so on. Yet amid the tension about Williamson’s Option #2, and whether there’s an Option #3, conservatives are prone to forget that there’s plenty we can do with Option #1: Bring work to the people.

At least, that’s the strategy of J.D. Vance, author of the bestselling book, Hillbilly Elegy, which mixes memoir with social analysis to explorethe landscape of hisworking-class upbringing. (See Ray Nothstine’s reviewfor more.)

Now, after the success of his book and a stint as a venture capitalist in California, Vance plans to return to his home state of Ohio, where he’ll seek to invest in “neglected areas of the country,” from the Rust Belt to Appalachia.

In a recent Ricochet podcast, Vance counters the false choice that headlines the current debate, noting that while many of these areas have plenty of struggles, they also have plenty of untapped opportunity and human potential:

There’s a mistake in treating it as an either-or proposition, that you either have pletely discourage all geographic mobility or that you have pletely give up on these towns…

On the private sector side, I do think that there’s a real business opportunity in the fact that you have really significant differences in regional growth curves. When you think about, for example, that 80% of the venture capital goes to California, Massachusetts, and New York, I don’t necessarily think that 80% of the good business ideas are in those three states. I think there’s both an opportunity to do some good, but there’s also a market arbitrage opportunity in that really heavy capital focus in certain regions of the country.

Ohio may not be the next Silicon Valley, Vance continues, but it may have the potential to be the next Austin or Denver, offering fresh and innovative ideas to a country that’s consolidated and concentrated its wealth in coastal cities. “Is there an argument that there is good capital to be put to work, that there are good entrepreneurs to invest in in these areas, where you can make a good return, but also create good businesses in the process?” he asks. “I think the answer is yes.”

In the past few weeks, I’ve highlighted early evidence of such a shift, from Bluefield, West Virginia, to Cincinnati, Ohio. Yet, as Vance reminds us, this doesn’t mean that “moving home” or “investing back home” or “buying local” is a one-size-fits-all solution. Again, the beauty of Vance’s approach is that it doesn’t ignore the weight of the pressures at play, just as it doesn’t pretend that artificial

In a set of reflections on his decision to move back home, Vance emphasizes plicated web of decisions and exchanges that surround each of our vocational journeys, and the ways that geographic mobility can sometimes be the enabler of bringing us home.

Of course, not every town can or should be saved. Many people should leave struggling places in search of economic opportunity, and many of them won’t be able to return. Some people will move back to their hometowns; others, like me, will move back to their home state. The calculation will undoubtedly differ for each person, as it should. But those of us who are lucky enough to choose where we live would do well to ask ourselves, as part of that calculation, whether the choices we make for ourselves are necessarily the best for our munities — and for the country

It may very well be that Williamson is right: “If the work is ing to the people, then the people have e to the work.” The rate of geographic mobility is down, and both Williamson and Vance agree that this is represents its own range ofproblems.

But as we look for ways to spur municate the idea or the option geographic mobility tothose who feel trapped, we’d do well municate the same to those who fortably in the bastions of wealth. Surely they’ve developed their own set of blind spots and insular methods ofself-preservation.

Help the poor relocate? Yes. Help investors and entrepreneurs see economic opportunity where manyrefuse to look? Yes, indeed.

Photo: Abandoned Factory, Travis Wise(CC BY 2.0)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Creature Feature: ICCR and GMO Labeling
Fear of the unknown hazards of technology has been the inspiration for science fiction cautionary tales from Mary Shelley’s Frankenstein to Japanese superstar Godzilla. Sadly, this fear extends to the harmless – and indeed extremely positive – applications of science in contemporary agriculture, especially when es to producing cheap, plentiful food for people on every rung of the economic ladder. Modern agriculture’s ability to feed the Earth’s population is nothing short of miraculous. Modern science and practices have enabled the...
‘As Long As I’m A Good Person’
“It doesn’t matter what I believe…as long as I’m a good person.” How many times have you heard that? As our society trends more and more to the secular, this type of thing es mon. We’ve gone from a society that, at the very least, paid lip-service munal worship and having moral standards set by a higher authority, to “I can worship God on my own; I don’t need a church to do that” to “It doesn’t matter what I...
Calvin College Presents Panel Discussion: ‘Ukraine: The Last Frontier in the Cold War?’
The rapidly changing events in the Ukraine are causing concern throughout the world. On March 4 at 3 p.m., a panel discussion entitled “Ukraine: The Last Frontier in the Cold War?” will be held at the Calvin College DeVos Communications Center Lobby area in Grand Rapids, Mich. The panel will feature Todd Huizinga (Senior Research Fellow at the Henry Institute, Acton Institute Fellow, and co-founder of the Transatlantic Christian Council, with expertise on the European Union), Becca McBride (professor of...
How the Media Mislead the Public About Arizona’s Religious Freedom Amendment
Would you be surprised to hear that the mainstream media hasn’t been telling you the whole story? Probably not. The failings of the media has been a perennial story since 131 BC when the first newspaper, Acta Diurna, was published in Rome. But sometimes the media’s biases lead them to make claims that are especially egregious and harmful to mon good. Such is the case on the reporting of an amendment relating to the free exercise of religion in Arizona....
Samuel Gregg on ‘Exorcising Latin America’s Demons’
Venezuela has been at the top of the news lately because of violnent demonstrations and government abuses (for background on the situation in Venezuela, check out Joe Carter’s post). Director of research at Acton, Samuel Gregg, has written a special report at The American mentating on Venezuela as well as Latin America as a whole: Given Venezuela’s ongoing meltdown and the visible decline in the fortunes of Argentina’s President Cristina Kirchner, one thing has e clear. Latin America’s latest experiments...
No religious liberty? Then no economic freedom, either
After a week filled with heated media discussions on religious liberty, Mollie Hemingway provides a devastating critique of how, legislation aside,our media and culture appear bent on diluting and distorting a freedom foundational to all else. The piece is striking and sweeping, deeply disturbing and yet, for those of us in the trenches, somewhat cathartic in its clarity. Whether politics is downstream or upstream from culture, it appears rather clear that this battle is not a figment of our imaginations....
Explainer: What Just Happened with Russia and Ukraine?
Note: This is an updateand addition to a previous post, “Explainer: What’s Going on in Ukraine?” What just happened with Russia and Ukraine? Last week, pro-EU protesters in Ukraine took control of Ukraine’s government after President Viktor Yanukovych left Kiev for his support base in the country’s Russian-speaking east. The country’s parliament sought to oust him and form a new government. They named Oleksandr Turchynov, a well-known Baptist pastor and top opposition politician in Ukraine, as acting president. In the...
Alton Brown on Stewardship: ‘None of This Is Mine’
In an interview with Eater, celebrity chef Alton Brown was asked how his faith and religion play into his professional life. Brown is a “born-again Christian,” though he finds the term overly redundant. His answer is rather edifying, offering a good example of the type of attitude and orientation we as Christians are called to assume: As far as other decisions, my wife runs pany. We try not to make any big decisions about the direction of pany or my...
War On Poverty: The Report Is In
The House Budget Committee has issued its report on The War on Poverty, 50 Years Later. It’s 204 pages long, so feel free to dig in. However, I’ll just hit some of the highlights. Lyndon B. Johnson’s War on Poverty has created 92 government programs, currently costing us about $800 billion. mittee’s take on this is summed up as: But rather than provide a roadmap out of poverty, Washington has created plex web of programs that are often difficult to...
Media Credibility and the Amnesia Effect
Why, when I realize that journalists misrepresent topics that I know something about — such as religious liberty — do I trust them to accurately cover issues that I don’t know much about? I’ve thought about that question for years but didn’t realize that the late novelist Michael Crichton coined a related term for this: the Gell-Mann Amnesia effect. Briefly stated, the Gell-Mann Amnesia effect works as follows. You open the newspaper to an article on some subject you know...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved