Aligning Institution to Community
Colleges and universities are anchor institutions in their communities. To adopt an anchor mission entails adopting a strategy to leverage institutional assets. Ways to leverage economic assets and revenues to promote local private-sector development include:
- Directing a greater percentage of purchasing power toward local and minority vendors based in the community.
- Hiring a greater percentage of the workforce locally.
Providing workforce training for people needing assistance in the community.
- Incubating the development of new businesses, including social enterprise among nonprofits.
- Leveraging real estate development to promote local retail, employer-assisted housing, and community land trusts.
- Using pension and endowment funds to invest in local job creation strategies and to provide community venture capital for nonprofits, entrepreneurs, and employee-owned firms.
- Partnering with community groups to ensure that development benefits existing residents, rather than displacing them.
Ways to leverage intellectual resources:
- Serving as a convener, advisor or network builder
Engaging in partnerships with local K-12 schools
- Supporting community health partnerships
- Providing research support to assist communities in identifying and addressing environmental health challenges
- Mentoring local nonprofits and connecting nonprofits with student and researcher support
- Helping residents build assets through the Volunteer Income Tax Assistance (VITA) program and related efforts
- Using student practicums and capstone course placements to add to local community capacity while helping students have more meaningful educational experiences
One of a wide range of Knowledge Hubs developed by Campus Compact, Aligning Institution to Community offers resources and models for fulfilling an anchor mission.
Building Local Capacity
The Role of Libraries in Engagement Work