Anchor institutions such as universities and hospitals can help drive inclusive economic development in their communities. The author examines efforts to launch anchor institution strategies in New Orleans, Atlanta, and the Miami area.
Philanthropic grants have become an increasingly important source of revenue for many U.S. communities. A new episode of the Economy Matters podcast looks at a new Atlanta Fed tool to track where these grants go and the trends they depict.
Foundation grants are an important source of funding in the CED field, but are small and economically distressed metro areas at a disadvantage? To find out, the Atlanta and Philadelphia Feds coauthored a paper and developed an interactive data tool to analyze grant funding across hundreds of U.S. cities.
The economic and social challenges that affect the geographically large, diverse Appalachia region are too complex for an individual organization to address. Over 200 local and regional funding entities have formed the Appalachia Funders Network to make a greater impact, reports Partners Update.
Workforce development issues require collaboration across sectors and geographies. Damian Thorman, national program director at the John L. and James S. Knight Foundation, discusses the importance of public, private, and philanthropic partnerships in addressing local and regional workforce challenges.
The overlap between economic development and philanthropy is growing. While we most often think of foundations as being involved in community development, they play increasingly more important roles in economic development. Douglas W. Nelson, retired president and CEO of the Annie E. Casey Foundation, talks about how foundations can support economic development as sources of flexible capital and data-driven policy advocacy.