Discovering and applying new and innovative economic development tools, models, policies, and programs
Creating Jobs and Wealth in Distressed Michigan Communities
Student-Led, Faculty-Guided Project - 2012
Authors: Dan Klinkert, Pamela Alexander, Paul Strom, Michelle Foster, Darryl Earl, Justin Padgett, & Nathan Ross, Michigan State University
This project applied the anchor strategy to areas in Detroit outside of Midtown. The anchor strategy is the idea that large, non-profit institutions play a major role in catalyzing business development and creating "a powerful synergy with the local business community." The project looked at four specific anchors: University of Detroit-Mercy, Marygrove College, Holy Redeemer Catholic Church, and St. John Hospital and Medical Center. The report itself contains an overview of the anchor strategy model, a look at other markets, a demographic overview of identified communities, the anchor strategy as it pertains to each of the aforementioned anchors, and recommendations to applying the anchor strategy model in Detroit.