Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LuckyTheDog

(6,837 posts)
Wed Jun 25, 2014, 04:18 PM Jun 2014

Jay Walljasper: Anchor institutions can stabilize inner cities

An increasingly globalized economy leaves communities, especially inner city neighborhoods, anxious about losing major employers. White-collar headquarters and blue-collar factories alike can be easily uprooted, as folks in Seattle know. Boeing Aircraft, once the city’s economic engine accounting for one in six jobs in the region, has moved its corporate offices to Chicago and is shifting many of its assembly jobs to North Charleston, South Carolina.

But there’s good news in every city when it comes to jobs. Some of the biggest employers aren’t going anywhere.

How can we be sure? Because “anchor” institutions like colleges, medical centers and cultural institutions serve the people of a particular area. Try to imagine Ohio State University moving to Dallas or Massachusetts General Hospital to China.

Anchor institutions are the largest employer in 66 of the 100 largest U.S. inner cities, according to a study from the Initiative for a Competitive Inner City. And on average they’ve weathered the downturn of last six years better than other industries.

MORE HERE: http://wonkynewsnerd.com/jay-walljasper-anchor-institutions-key-to-economic-stability/

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Jay Walljasper: Anchor institutions can stabilize inner cities (Original Post) LuckyTheDog Jun 2014 OP
True ... 1StrongBlackMan Jun 2014 #1
 

1StrongBlackMan

(31,849 posts)
1. True ...
Wed Jun 25, 2014, 04:39 PM
Jun 2014

Notice that all of (the vast majority) of institutions termed "anchor" industries are not for profit/governmental entities?

So an alternate title for this article could be, "Government and not for profits are better economically engines than 'traditional' business entities."

Latest Discussions»General Discussion»Jay Walljasper: Anchor in...