Anchoring Economic Development in Community Needs
Monday, September 25, 2017
DENVER – Anchor institutions – organizations such as hospitals and universities that develop deep roots in surrounding communities – are finding new ways to bolster local economies and create opportunities for more low-income residents, according to a new report by the Funders' Network.
Dace West, vice president of community impact with the The Denver Foundation, says local funders are also getting into the action.
"There's a real opportunity for us to work with institutions that haven't traditionally been involved in community and economic development in a way that's driven by community needs," she states.
The Denver Foundation played a key role in a collaboration that resulted in jobs for 400 local community members.
Working with the University of Colorado's Anschutz Medical Campus, 80 students from local neighborhoods have graduated from a 10-week training program.
Nearly 60 percent of graduates were hired, with a 98 percent retention rate.
Charles Rutheiser, a senior associate with The Annie E. Casey Foundation, notes the core business aspects of universities and hospitals can be deployed in partnership with communities to achieve better health and educational outcomes.
He points to programs that encourage students to stay in school and that help young people make a successful transition to college.
"Anchor institutions are a new and important chapter in the long history of new approaches to community development in the United States,” he states. “These institutions can partner, invest and act in new and different ways without sacrificing their bottom line."
Ruthheiser adds the foundation is exploring how to expand the anchor category to include other institutions with community connections, including for-profit companies, sports teams, libraries and museums.
The next step, he says, is to translate these best practices into policy, so that more localities can support anchor-based community development.
get more stories like this via email
A bill in Congress with a Connecticut House sponsor aims to reduce child labor in the United States. Called the "Children Harmed in Life-Threatening …
As the opioid crisis continues, more New Hampshire grandparents are seeking financial help to raise their grandchildren. Already struggling with the …
As of Jan. 1, insulin will become a lot more affordable for many Nebraskans, and those who have come to rely on telehealth visits are more likely to …
Some state and local lawmakers are on a long list calling on New York Gov. Kathy Hochul to require big oil companies to help offset the costs of …
Utilities and government agencies in the U.S. are carrying out plans to transition to cleaner electricity sources. To avoid being left behind…
Health and Wellness
November has been Diabetes Awareness Month - but heading into the holidays, people who are diabetic know they can't lose their focus on keeping it in …
Conservation groups are celebrating a long-fought battle to protect the dwindling population of wolverine in the Northwest and northern Rockies…
As world leaders gather in Dubai for the international conference on climate change, the City of Long Beach is acting on multiple fronts to help the …