Many urban areas across the country face a conflux of serious economic challenges: an ongoing fiscal crisis due to loss of tax revenue and diminishing resources from the federal government, capital mobility and the subsequent loss of companies and jobs, stagnant wages for the middle class, and rising poverty among the under- and unemployed. Like many older industrial cities, Cleveland, Ohio, has been hard hit.

This paper discusses a pathbreaking strategy in Cleveland, Ohio, that addressed many of these issues by generating local wealth, economic opportunity, and jobs. The strategy was designed and implemented by the nonprofit University Hospitals (UH) in close partnership with the Office of the Mayor and local building trade unions.

Learn more at http://democracycollaborative.org/content/anchor-mission-leveraging-power-anchor-institutions-build-community-wealth

Citation

Serang and Thompson, Department of Urban Studies and Planning, Massachusetts Institute of Technology, February 2, 2013

Ted Howard, The Democracy Collaborative, University of Maryland College Park, February 2, 2013