New Report: Linking Your CDC to Local Anchor Institutions

Posted by on October 13, 2008

Linking Community Development Corporations to Local Anchor Institutions

Faced with declining federal and state community development funding, community development corporations (CDCs) are increasingly looking to expand partnerships with local employers. In many cities, the largest local employers are area nonprofit hospitals and universities. These institutions are often called “anchor institutions” because, unlike private corporations, the nature of their business makes moving difficult, thus increasing the degree to which their success is dependent on community economic wellbeing. In April 2008, the Local Initiatives Support Corporation and The National Alliance of Community Economic Development Associations sponsored a panel on “Linking Your Community Development Corporation to Local Anchor Institutions.” Copies of the Powerpoint presentations (as well as an audio recording of the event) are available on line at: http://www.lisc.org/content/publications/detail/7060