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.
Research director Steve Dubb presented on anchor institution strategies and equitable development for a PolicyLink webinar in April 2014. Read more about How to Grow an Equitable Economy through Anchor Institution Strategies...
This report, the companion to our The Anchor Dashboard: Aligning Institutional Practice to Meet Low-Income Community Needs, presents the research behind the framework we have designed to assist anchor institutions in measuring their community impact.
How can universities leverage their resources for community benefit? This report from The Democracy Collaborative outlines a comprehensive strategy to meet that goal.
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...
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.
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...