Capturing Hidden Value in Local Assets-Omar Blaik and Nancy Schlichting

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nrcampbell79

Business Education

Anchor Institutions!
Capturing Hidden Value in Local Assets

3 Anchors
2 Years
$30MM in
commitments
Midtown Detroit

The Traditional"
Anchor Strategy
The Penn Model

Source:
Leveraging Colleges and
Universities for Urban
Economic Revitalization:
An Action Agenda
A Joint Study by ICIC and
CEOs for Cities
2002
The Traditional"
Anchor Strategy

The traditional anchor
strategy is no longer
replicable

A Scalable"
Anchor Strategy
Midtown Detroit

What makes an anchor
strategy scalable? "

What makes an anchor
strategy scalable? "
Leveraged
Place Based
Demand Driven
Implementation Focused

Leveraged: Traditional Model!
Anchor
Institutions

Leveraged: Traditional Model!
Anchor
Institutions
Philanthropy

Leveraged: Traditional Model!
Anchor
Institutions
Community
Groups
Philanthropy

Leveraged: Traditional Model!
Civic
Leadership
Anchor
Institutions
Community
Groups
Philanthropy

Leveraged: Midtown Detroit!
Civic
Leadership
Midtown
Anchor
Institutions
Community
Groups
Philanthropy

Midtown
Anchor
Institutions
Leveraged: Midtown Detroit!
Civic
Leadership
Philanthropy
Community
Groups

Leveraged: Midtown Detroit!
Civic
Leadership
Philanthropy
Midtown
Anchor
Institutions
Community
Groups

Demand Driven!
60,000 unique records
age, salary, job classiﬁcation, student status, school, year…

Demand Driven!
Ideal Cohort: employees between 25-34 years old
and who earn between $25,000 and $75,000
annually

Demand Driven!
Creating demand for:
10,000 new residents
30% Detroit procurement
30% Detroit workforce

Implementation Focused!
Institutional
Leadership
Middle
Management
Staff

Implementation Focused!
Institutional
Leadership
Middle
Management
Staff
Implementation
Vision
Process

Implementation Focused!
Implementation
Vision
Process

Implementation Focused: Midtown!
Vision
Process
Implementation

Implementation Focused: Midtown!
Anchor CEO’s
Philanthropies
City Agencies
Institutional
counterparts
Community
Organizations
Businesses
Implementation
Vision
Process

Implementation Focused: Midtown Detroit!
Buy Detroit

Implementation Focused: Midtown Detroit!
Hire Detroit

Implementation Focused: Midtown Detroit!
Live Midtown

How do we move the model forward?
By not waiting

How do we move the model forward?
By not waiting
BUY LOCAL
LIVE LOCAL
HIRE LOCAL

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