The Role of Anchor Institutions in Community Development

LISC welcomes Emily Scott as LISC’s newest Program Officer. Emily is tasked with developing and managing an Anchor Institution Procurement Program to facilitate connections between those making purchasing decisions in the large institutions to local companies making the products they need. The intent is to provide a facilitator relationships within the neighborhoods and identify new challenges and opportunities to grow revenue to neighborhood businesses as procurement demand evolves.
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What are anchor institutions, anyway?
Anchor institutions act as essential partners within neighborhoods that provide and purchase goods and services, employ area workers and spur land use and infrastructure needs. They are often schools, hospitals or faith-based organizations that are longstanding contributors to the community’s stability and strength.