Description

This report argues that hospitals are well situated to lead community revitalization strategies by embracing their “anchor institution mission.” Such a strategy: 1) aligns with a hospital’s commitment to promote health, 2) generates economic returns to both the community and institution, 3) helps satisfy its community benefit requirements to the federal government, and 4) provides an opportunity for a hospital to justify its tax exemption and support local governments.This report also summarizes some of the strategies available to hospitals, and highlights best practices in sustainability, minority- and women-owned business purchasing, housing development, capacity building, local hiring, community investment, and multi-institution partnerships using five case studies.