Blog: Anchor Institutions
Federal Reserve’s Conference Highlights How Investments in Children Translate to Economic Growth
Linking inner city businesses to strong regional clusters. Engaging anchor institutions to create shared value. Connecting inner city companies to appropriate growth capital and contracting opportunities. Supporting management education and strengthening business networks. At ICIC, we talk at length about these drivers of inner city economic development as strategies crucial for ... Read More
Watch: Catholic University of America and ICIC introduce a transformative model for urban revitalization
Watch ICIC’s CEO, Steve Grossman, explain how a new partnership with The Catholic University of America is changing the way urban business schools think about their role in the community. Read More
Chicago institutions launch new program with potential to tackle major hurdles of impact investing
In April the MacArthur Foundation, Chicago Community Trust (CCT), and the Calvert Foundation announced Benefit Chicago, an innovative collaboration that aims to mobilize $100 million in impact investments for nonprofits and social enterprises in Chicago. Read More
Northeastern’s “Impact Lending” program shows how universities can support inner city businesses and bolster local economy
Last month Northeastern University announced it was committing $2.5 million in seed funding for a newly created “Impact Lending” program, offered in conjunction with LISC Boston. The seed money will capitalize a $6.5 million revolving loan fund (RLF), and the RLF will enable LISC to provide $1,000 to $1 million loans to women- and minority-owned small businesses located in or around Northeastern University. Read More
What Works: How an Innovative Anchor Partnership is Transforming one Inner City Neighborhood in Columbus
This case study highlights how an anchor institution’s initial efforts around neighborhood revitalization had a snowball effect that ultimately leveraged hundreds of millions of dollars in private investment. The redevelopment and construction of new housing served as the linchpin to a broad-based community effort to stabilize one of Columbus, Ohio’s most distressed inner city communities. Read More