Establish new partnerships
Cities can leverage their convening power to catalyze partnerships focused on fostering economic growth. Partnerships can take many forms while relying on a diverse set of partners and funding sources. The ultimate partnership model for any given city depends on the local context.
ASSESSMENT
Some questions to guide your thinking
- What sources of economic competitiveness can help your city become more resilient?
- Which anchor institutions in your community can support economic development?
- Which traditional and nontraditional organizations are involved in economic, workforce, and human development?
Reading
Establishing successful public-private partnerships for infrastructure
International City/County Management Association (ICMA) 30 minutes
This white paper defines the types and characteristics of public-private partnerships, along with their advantages and disadvantages, and offers eight examples.
- Public-private partnerships provide local governments with opportunities to advance infrastructure projects, tap private sector expertise, and leverage private sector financing.
Reading
Partnering with anchor institutions for economic development
The Democracy Collaborative 45 minutes
This study describes a collaborative redevelopment initiative by multiple anchor institutions in and around Cleveland’s University Circle district. The study explains the development and rationale behind the chosen strategies and the specific projects the Initiative has driven.
- Cleveland’s University Circle district attracted more than $200 million in investment since 2008 from a business growth and retention program.
- Cooperatively-owned businesses serve institutional needs, employ neighborhood residents, and build community wealth.
Reading
Establishing successful public-private partnerships for infrastructure
This white paper defines the types and characteristics of public-private …
Reading
Partnering with anchor institutions for economic development
This study describes a collaborative redevelopment initiative by multiple anchor …