The Transformative Power of Anchor Institutions

Abstract

Everyone knows by now that colleges and universities are “anchor institutions”: important place-based engines that play key roles in local economies. But the raw facts of size and place are just the beginning of the story; what matters is not just the fact that anchors have an impact on communities, but what kind of impact they have, and on what terms. It is one thing to be an anchor institution. It is another to consciously and intentionally adopt an anchor mission, leveraging all available institutional and operational resources for community benefit.