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. 

January 1, 2005

In This Report, You’ll Learn

  1. 1

    The importance of institutional economic roles in the revitalization of communities.

  2. 2

    A successful higher ed framework for organizing potential economic contributions.

  3. 3

    7 ways universities can serve as an economic anchor to the local community.

  4. 4

    6 potential challenges to implementing economic-oriented university projects in the community.

  1. 5

    14 steps for universities to implement to become true community partners.

  2. 6

    Profiles of successful town-gown partnerships and the role each university plays.

Key Takeaway

University leadership is the most important component in creating successful and sustainable economic programs.

The economic contributions of higher education happen on a daily basis, whether planned or not. It’s better if they are coordinated and reflective of “best practices” instead of disconnected and ineffectual. 

Findings & Stats

Statements & Quotations