This LISC research report provides evidence about the impact of investments, and the work of both community organizations and "anchor institutions."
The report lists urban places and diverse neighborhoods, such as South Minneapolis. In South Minneapolis, strong community partnerships and commitments from hospitals and corporations stabilized and boosted home values, without contributing to accelerating prices and gentrification.
According to LISC, a mobilized, high-capacity community development infrastructure helped support neighborhood revitalization while minimizing displacement.
The report also shows how hospitals and other corporate anchors may be engaged in stabilizing and revitalizing local communities. In recent years, LISC has increasingly focused on partnerships with anchor institutions such as hospitals, universities, corporations, large employers, or cultural centers, including a major new partnership with the health system ProMedica headquartered in Toledo. Read the Entire Article
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Morgan Simon, Pi Investments and Transform Finance, explains the concept of impact investment that supports economic and community development. Simon notes that this concept, while gaining attention from varying financial contenders, is an exciting, but potentially problematic trend seen over the last decade.