Anchor Institutions


Anchor institutions are entities such as universities, hospitals, and companies that are inextricably tied to their locations because of real estate holdings or capital investment, history, or mission. Because of these deep ties to their communities, these organizations may have an interest in investing in local economic or community development. From the perspective of a city or community, an anchor institution may bring new funding sources to the table as well as leadership capacity, research expertise, and other forms of human capital. The case study of the Greater University Circle Initiative and University Circle, Inc, in Cleveland, Ohio provides examples of how anchor institutions can work with cities to fill the gaps in traditional sources of funding and financing for smart growth infrastructure.​