MIT and University of Maryland host Panel Discussion on How Anchor Organizations Build Community Wealth
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE University Hospitals
CLEVELAND, May 1, 2013 /PRNewswire/ -- MIT and University of Maryland will convene a national conversation on May 8 about how an innovative business model can help anchor institutions in urban cities to drive economic development and build sustainable community wealth.
A panel of presenters will release a new MIT-University of Maryland Case Study which highlights Cleveland's University Hospitals Vision 2010 Program, a $1.2 billion strategic growth plan.
The panel discussion following will be held May 8 at 4 to 6 p.m. Access to live-streaming video: http://bit.ly/Wt6nuB or Twitter: #anchorpower. The panel will be held at MIT School of Architecture & Planning, Wong Auditorium, 70 Memorial Drive, Building E-51, Cambridge, MA.
A news-teleconference with the authors will be held at 2:30 to 3:30 p.m. on May 8 prior to the panel discussion. Pre-register to receive call-in detail: Alicia.email@example.com or call 216-844-5158.
The Cleveland-based health care system recently completed $750 million in major construction projects throughout Northeast Ohio employing a novel strategy of utilizing local and minority/female owned businesses to generate local wealth, economic opportunity and jobs. The innovative strategy was designed and implemented by University Hospitals (UH), an anchor institution in urban Cleveland, in close partnership with the City of Cleveland Mayor, Frank Jackson, The Cleveland Foundation and local building trade unions.
Titled "The Anchor Mission: Leveraging the Power of Anchor Institutions to Build Community Wealth", the Case Study concludes that place-based anchor institutions – like hospitals and universities - can commit to a comprehensive business approach that goes beyond the narrow framework of corporate philanthropy to create a sustainable economic advantage for their regions. Their analysis provides the framework for other organizations to engage with business, government and foundations to create healthier, stronger urban areas.
Vision 2010 included the construction of five major medical facilities which generated more than 5,000 jobs in construction and related fields, with salaries totaling $500 million over the five-year period. UH adopted a pathbreaking strategy in which its executives established aggressive goals pertaining to diversity, procurement and hiring local residents. Successful strategies included the use of an innovative Project Labor Agreement and resulted in 92 percent of spending staying in Northeast Ohio and awarding 24 percent of contracts to minority and female owned businesses.
In February 2013, Cleveland Mayor Frank Jackson along with representatives from business, civic, labor and trade organizations signed an historic public-private community benefit agreement that will drive investment in Cleveland. Outlined in the agreement is the commitment to direct training opportunities and jobs to local residents and increase the utilization of minority, female and locally owned businesses.
Dayna L. Cunningham, Executive Director, MIT Community Innovators Lab
Adele Naude Santos, Dean MIT School of Architecture and Planning
J. Phillip Thompson, Associate Professor, MIT Department of Urban Studies & Planning
Ted Howard, Executive Director, The Democracy Collaborative, University of Maryland
Honorable Frank G. Jackson, Mayor Cleveland, Ohio
Thomas F. Zenty III, CEO, University Hospitals, Cleveland Ohio
Steven D. Standley, Chief Administrative Officer, University Hospitals, Cleveland Ohio
Philip Clay, Professor, MIT Department of Urban Studies and Planning; Chancellor, MIT
Xavier de Souza Briggs, Associate Professor, MIT Department of Urban Studies & Planning; Associate Director of Office of Management and Budget
Rebecca Henderson, John and Natty McArthur University Professor, Harvard University; Harvard Business School, General Management and Strategy Units; Co-Director, the Business and Environment Initiative
Thomas Kochan, George Maverick Bunker Professor of Management, MIT; Professor of Engineering Systems; Co-Director of the Institute for Work and Employment Research at the MIT Sloan School of Management; Chair, MIT Faculty
By: Jenn Schanz firstname.lastname@example.org "Student loans, any kind of debt, make sure my family is taken care of, and travel." That's what Madeline Hendrix would do if she won the 600 million dollar PowerballMore >>
For the superstitious Powerball jackpot player, number choice, time of day, and even where a ticket is bought are huge factors. More >>
By: Kayla Bremer email@example.com Fallbrook Town Center in north Lincoln was crowded with people and full of activities all centered around the dogs. It's for one of the Capital Humane Society'sMore >>
Fallbrook Town Center in north Lincoln was crowded with people and full of activities all centered around the dogs. More >>
By: KLKN Newsroom firstname.lastname@example.org LINCOLN, Neb. (AP) Authorities say Nebraska's preliminary unemployment rate declined to 3.7 percent in April after registering 3.8 percent for four straight months. TheMore >>
Authorities say Nebraska's preliminary unemployment rate declined to 3.7 percent in April after registering 3.8 percent for four straight months.More >>
By: KLKN Newsroom email@example.com A minor gas leak shut down a portion of 84th near South Street for two hours on Saturday. It happened just before 9 a.m. Lincoln Fire and Rescue officials said a valveMore >>
A minor gas leak shut down a portion of 84th near South Street for two hours on Saturday.More >>
Posted By: KLKN Newsroom firstname.lastname@example.org Grand Island police say two people were stabbed late Friday morning near St. Mary's Cathedral. It happened at around 11:30. Police say a man and a woman wereMore >>
Grand Island police say two people were stabbed late Friday morning near St. Mary's Cathedral.More >>
By: Megan Palera email@example.com It could cost more for some airplanes to take to the skies. The president's budget plan includes a $100 per flight fee. It would apply to general aviation aircraftMore >>
President proposed $100 per flight user fee for some aircraft.More >>
By: Cole Miller firstname.lastname@example.org It's starting to feel like summer outside which means you may be dusting off the boat. Boating Safety Week runs May 18th through the 24th. It's a signature soundMore >>
Boating Safety Week kicks off May 18th as more boats begin to hit the water.More >>