Every college and university serves to some extent as an economic “anchor” in its respective community. They create jobs, support local businesses, partner with government. This report highlights best practices for building community relationships and becoming a trusted anchor in helping revitalize local neighborhoods. Recommendations for implementation and successful town-gown profiles are included.
University leadership is the most important component in creating successful and sustainable economic programs.
Findings & Stats
Many communities mistrust universities because of the way they’ve been treated in the past.
Urban colleges and universities employed three million workers at the time of this report.
Colleges and universities added 300,000 new jobs in the 1990s.
Real Estate Rich
In 1996, urban-core colleges and universities held more than $100 billion in land and structures.
Statements & Quotations
Economic roles should not be something that are merely documented every so often in economic impact reports in lieu of taxes.These are simple goals, yet ones that can have a tremendous impact. Success in the economic arenatranslates directly into better lives for vulnerable families and healthier communities.
Occasionally, genuine issues arise through economic practices that can lead to strained relationships and destabilizing effects for all concerned. With a little planning and dedication however, colleges and universities can be tremendous economic and social assets for families and neighborhoods.
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