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Anchor Institutions

Engaging with eds, meds, and other anchor institutions to help them help communities.

Anchor institutions are enterprises such as universities and hospitals that are rooted in their local communities by mission, invested capital, or relationships to customers, employees, and vendors. As place-based entities that control vast economic, human, intellectual, and institutional resources, anchor institutions have the potential to bring crucial, and measurable, benefits to local children, families, and communities. All told, U.S. hospitals and universities combined spend over $1 trillion a year, have endowments in excess of $500 billion, and employ 8 percent of our labor force. Increasingly, anchor institutions across the nation are embracing the responsibility their economic impact entails and are expanding their public or nonprofit mission to incorporate what we call an “anchor mission”—consciously applying their long-term, place-based economic power, in combination with their human and intellectual resources, to better the long-term welfare of the communities in which they reside.

Hospitals Building Healthier Communities: Investing Outside Institutional Walls

This webinar, organized by the Association for Community Health Improvement and the American Hospital Association, outlined opportunities for hospitals to promote health through economic development and community investment. The discussion used the findings of The Anchor Dashboard as a starting point to show how hospitals can broaden their impact on their surrounding communities.

Evergreen Cooperative Laundry Expands to Second Plant, More than Tripling Its Workforce

A man wearing scrubs and a hairnet operates industrial laundry machinery

CLEVELAND, OHIO — MAY 10, 2018 Evergreen Cooperative Laundry (ECL) announced a major expansion today in collaboration with Ohio’s second largest employer, taking over management of the Cleveland Clinic’s laundry facility in Cleveland’s Collinwood neighborhood. This additional location complements ECL’s original facility in Glenville. The expansion brings more than 100 new employees into the company, joining the 50 workers employed at the original laundry. Read more about Evergreen Cooperative Laundry Expands to Second Plant, More than Tripling Its Workforce...

Anchor Collaboratives: Building Bridges With Place-Based Partnerships and Anchor Institutions

Justine Porter, Danny Fisher-Bruns and Bich Ha Pham

The Democracy Collaborative’s new report Anchor Collaboratives: Building Bridges with Place-Based Partnerships and Anchor Institutions discusses the role of anchor institutions and collaboratives in leveraging the power of their economic assets to address social and economic disparities and to revitalize local communities.

The report focuses on the work of anchor institutions and partner organizations that have joined to form place-based networks, or anchor collaboratives, to develop, implement, and support shared goals and initiatives that advance equitable and inclusive economic development strategies. Anchor mission work is not easy, but our hope is that this state of the field report will provide information and assistance to groups wanting to do anchor mission work or to create anchor collaboratives.

Harvard School of Public Health Highlights UMass Memorial's Anchor Journey

Hospitals and health systems, particularly nonprofit ones, are challenged with providing top healthcare in ever changing and challenging financial, regulatory, and service environments. They manage thousands of staff and provide care to nearly every American at some point in their lives. Read more about Harvard School of Public Health Highlights UMass Memorial's Anchor Journey...

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