A rising little place noted for its industry (7)
I believe the answer is:
anthill
'little place noted for its industry' is the definition.
I can't judge whether this defines the answer.
'a rising' is the wordplay.
'a' becomes 'an'.
'rising' becomes 'thill' (I can't explain this - if you can you should give a lot more credence to this answer).
'an'+'thill'='ANTHILL'
Can you help me to learn more?
(Other definitions for anthill that I've seen before include "Mound of insects" , "There's much work to be done here" , "Scene of great activity" , "Many a worker here" , "Nest" .)