Last week, Federal Reserve Chairman Ben Bernanke addressed the Fed’s Community Affairs Research Conference in Washington, DC, opening his speech by acknowledging that successful strategies to rebuild communities require “multipronged approaches that address housing, education, jobs and quality-of-life issues in a coherent, mutually consistent way.”
Last week, The Democracy Collaborative's Stephanie Geller had the opportunity to chat with Ellen Macht, President and CEO of the Atlanta Wealth Building Initiative, about an exciting new project launched by The Community Foundation for Greater Atlanta to bring quality jobs, assets, and sustainable economic growth to Atlanta’s most marginalized neighborhoods.
This post originally appeared on the Commons Health Care Network blog.
Since the passage of the Affordable Care Act, discussions of healthcare policy in national politics and the mainstream media have overwhelmingly focused on the law’s impact on health insurance rather than public health. For example, the 2 percent of the population that will be affected by the individual mandate provision have received an inordinate level of attention. But a separate ACA provision should receive at least as much attention and energy, as it will have a significantly greater impact on the country, and open up new possibilities for how health systems and communities can work together to target pressing economic and health challenges.
The Democracy Collaborative’s latest report, Hospitals Building Healthier Communities, provides an in-depth look at six hospitals in five cities that are rethinking their economic and community engagement strategies. These hospitals have recognized that health is more than just treating the patients that come through their doors and are beginning to adopt an “anchor institution mission” that can help build not only more prosperous, but also healthier communities.
UPDATE: The Boston blizzard required rescheduling this event; it's back on for May 8th!
On May 8th, the Massachusetts Institute of Technology will host a special event to mark the release of the report The Anchor Mission: Leveraging the Power of Anchor Institutions to Build Community Wealth, featuring a panel of distinguished scholars along with municipal and institutional leaders.Read more about Leveraging The Power of Anchor Institutions to Build Community Wealth...
Anchor institutions—a term used to describe public and nonprofit hospitals and universities—are today widely recognized for their role in community economic development. But they have the potential to do a lot more.
As Living Cities President Ben Hecht noted in a blog post this past January, “Today, the largest economic force in a huge number of America’s 100 largest cities is a university or hospital.” Yet, Hecht added: “Despite this reality, few, if any, regional economic development strategies are built around these stable and rooted ‘anchor’ institutions.”Read more about Unlocking Community Development: The Anchor Key...
Co-published by two research centers of the University of California, Berkeley, this paper from the Democracy Collaborative explores the impact of anchor institutions on wealth building and job creation in low-income communities.
Authored by Rita Axelroth Hodges and Steve Dubb as part of Michigan State University Press' series on Transformations in Higher Education, the book features ten in-depth cases and examines how universities, by pursuing an anchor institution mission to improve surrounding communities in cooperation with community partners, can positively impact the welfare of low-income residents.