http://www.compact.org/advancedtoolkit/pdf/HAHN_FINAL_PAPER.pdf

By Andrew Hahn with Casey Coonerty and Lili Peaslee.

“Higher education is relentlessly challenged to change and align its roles to respond proactively to the needs of students, communities and society as a whole. Economic relationships with the community and neighboring families are part of this challenge. Every college and university serves to some extent as an economic “anchor” in its respective community. They create jobs and many offer training and education for local residents; most support local businesses through the procurement of goods and services; some advance community development through real estate projects; others facilitate community service projects that have an economic component; and nearly all partner with government and civic groups to strengthen the economic health of the community. Occasionally, genuine issues arise through economic practices that can lead to strained relationships and destabilizing effects for all concerned. With a little planning and dedication however, colleges and universities can be tremendous economic and social assets for families and neighborhoods. This report highlights some of these “best practices” in the hopes of fostering such relationships.”