1. Partnering with Local Institutional Stakeholders

2. ANCHOR INSTITUTIONS A MAJOR ECONOMIC FORCE IN LOCAL ECONOMIES “Sticky capital” Economic engine: employer, purchaser, developer Vested interest in surrounding communities Typically nonprofit or public Democracy Collaborative

3. ORGANIZATIONAL PRINCIPLE SHIFT ICIC

4. ANCHOR INSTITUTIONS AND THE COMMUNITY: STRATEGIC FRAMEWORK ICIC

5. ORGANIZATIONAL PRINCIPLE – SHARED VALUE Shared Value Opportunity

6. SCOPE OF THE ANCHOR OPPORTUNITY  Major employers  Provide goods and services  Accessible jobs – teachers, hospital workers, civil service  Recent Affordable Care Act legislation requires hospitals to become more involved in their neighboring communities  Educational Anchors are residential organizations to a much greater extent than other large community organizations and as a result are often more sensitive, concerned, and aware of their Anchor Institution role

7. HOSPITAL ANCHOR TYPICAL ROLES Health Research & Educational Trust Oct. 2014

8. HIGHER ED ANCHOR TYPICAL ROLES Community economic development through corporate investment (purchasing, endowment, real estate) Education and health partnerships (often lead by individual faculty, departments Local capacity building through educational training, incubator space, in-kind resources Scholarly engagement (in- service learning, capstones, research Multi-Anchor, City and regional partnerships

9. IDEAS FROM THE FIELD LISC Activities that lend itself to working with Institutions  Using place-based strategies to solve problems  Community safety work at several sites as catalyst for investment, improved health and well-being  Improving economic opportunity for residents  Community benefit agreements as tool  Commercial corridor work to stabilize neighborhoods, create opportunities  Innovation in education  Emphasis on improving health outcomes through aligned strategies like food access and food production  Linking Anchor purchasing to local firms, MBEs and WBEs

10. LISC ANCHOR ACTIVITIES How could Rural LISC help? Some urban LISC ideas Financing  Funds to invest in housing accelerator fund  Funds to invest in creative placemaking  New business financing tools – cash-flow financing, debt/equity, industrial facility financing Capacity Building  Effective partnerships built on shared value/collective impact  Developing leadership through leveraging eds  Elevating LISC’s intermediary/honest broker role Technical Assistance  Help with Community Benefit Agreements  Help with community safety strategies  Help with procurement strategies

11. CREATING SHARED VALUE IN PRACTICE: OBSTACLES  Few anchors recognize the multiple integrated ways they can impact their surrounding communities  Most anchors still view their involvement in the community narrowly  Few anchors know how to leverage their activities to create shared value  Collaboration is challenging; issues of trust and competition arise  Metrics, goal setting, and accountability for results are not common  The horizon for impact is long, but bends toward shared value and regional well-being

12. LESSONS LEARNED FROM THE FIELD  Absolutely essential to success is engaged senior leadership at Anchor institution that understands shared value framework  Most successful initiatives leverage public, private and philanthropic partners for resources, expertise and capacity  Patience is required: changing internal cultures, building relationships and understanding across sectors, and achieving scale takes time  No one-size-fits all strategy – individual Anchors will have different priorities within the initiative and that’s ok  Anchor initiatives can be programmatic in scale (one Anchor focused on one goal) or comprehensive involving multiple strategies and partners  Performance metrics are key to maintaining momentum and creating climate of mutual accountability