Anchor institutions CAN help improve Baltimore, but will they? According to the Federal Reserve Bank of Richmond, “anchor institutions can be education, health, faith, financial or government institutions, businesses or commercial centers.” While big cities like New York and Los Angeles contain entire industries that perpetually fuel growth and prosperity, smaller cities, particularly ones that have lost population in recent decades, are more dependent on a handful of large, locally-rooted, and world class institutions. In Baltimore, the Johns Hopkins University and Medical Institutions are great examples of anchor institutions.
The last session of a four-part series sponsored by the Federal Reserve Bank of Richmond, Redefining Economic Assets: Anchor Institutions as Engines of Growth, will be held Thursday, November 8th. This session is a chance to focus on the strength of local anchor institutions and how they can use their existing strength in “financial, intellectual and human resources” to make lives better in their home neighborhoods. Anchor institutions can lead the way to a more sustainable community, and we can follow the example set by one city that has a lot in common with Baltimore: Cleveland.
This event will be held:
Thursday, November 8, 2012
Federal Reserve Bank of Richmond, Baltimore Branch
502 South Sharp Street, Baltimore, MD 21201