THE ANCHOR DASHBOARD Overview October 20, 2014 Baltimore, Maryland Steve Dubb Research Director The Democracy Collaborative

The Democracy Collaborative Promoting innovations to rebuild community wealth and enhance vital and equitable local economies

The Anchor Mission: To consciously and strategically apply the long-term, place-based economic power of the institution, in combination with its human and intellectual re-sources, to better the welfare of the communities in which they reside, and in particular low- and moderate-income neighborhoods.

Why an Anchor Dashboard? Growing recognition that community economic development is part & parcel of what anchor institutions do But how do we know these initiatives are working? Do they meet the needs of low-income families and neighborhoods? Needed: Targeted outcomes; Indicators; Data Collection Caveat: The Dashboard is a starting point, not the final word. Our hope to co-construct a learning community.

Key Themes from the Research Define the community Agree on specific desired outcomes Include two kinds of indicators, which measure: • Status of the community • Institutional effort to improve the status of the community

Expectations from Participants Commit to seek improvement outcomes in the areas outlined by the Dashboard Work on indicator development and refinement Partner with other institutions to build a community of practice

Role of Democracy Collaborative Organize two gatherings a year (fall, spring) Conduct at least one two-day site visit per year to meet with campus team members Facilitate open conversation among pilot group members Work with institutions to think through the process of indicator development

I think that would be extremely powerful. Why It Matters Being able to, by the end of the day, track what’s happening to the jobs, track what’s happening to those families… I think that would be extremely powerful. Paulina Gonzalez Executive Director Strategic Actions for a Just Economy Los Angeles, California

Anchor dashboard learning cohort website Thank you! Public website www.community-wealth.org/indicators Anchor dashboard learning cohort website http://anchors.democracycollaborative.org Steve Dubb, Ph. D., Research Director Democracy Collaborative steve@democracycollaborative.org