Support or help create clusters of growing industries, prioritizing historically underserved Black and Brown communities
Cities can help rectify historic underinvestment in Black and Brown communities by directing funding toward these communities to create or support regional industry clusters through access to anchor institutions, partnerships, capital, education, training, and other programs and services.
ASSESSMENT
Some questions to guide your thinking
- What opportunities for economic progress have leaders from Black and Brown communities identified?
- What sources of economic competitiveness (e.g., human capital, existing businesses) in the Black and Brown communities exist in your city?
- Which anchor institutions and organizations have an interest in supporting these communities succeed?
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
Partnering with anchor institutions for economic development
This study describes a collaborative redevelopment initiative by multiple anchor …