Anchor institutions are economic engines for cities and regions, acting as real estate developers, employers, purchasers of goods, magnets for complementary businesses, community-builders, and developers of human capital. The place-based nature of anchor institutions, such as universities, hospitals, and cultural centers, makes them important players in city building. Anchor institutions can transform a local economic base, creating industry-based clusters that multiply their economic impact many times over. Strengthening these institutions is important to ensuring successful urban revitalization strategies. Penn IUR has secured gifts and grants to develop cases on anchor institutions in urban development.
Penn IUR’s Case Studies on Anchor Institutions come from three content areas: 1) the Livingston Case Studies, which focus on specific issues of anchor institution development and real estate transactions, 2) Penn IUR Roundtable on Anchor Institutions (PRAI) cases, which highlight best practices and challenges facing major cultural and educational urban anchors, and 3) Philadelphia 360˚ cases, which analyze critical development challenges facing economic development around Philadelphia’s anchors. All of the cases aim to address both higher education and civic audiences.