Anchor Institutions

Colorado Impact Report: Will Denver Become America’s First ‘Community Wealth’ City?

Ted Howard
Colorado Impact Report

In cities across America, a new form of local economy is emerging. Many call this growing movement “Community Wealth Building,” a framework for economic development built on principles of democratizing wealth, broadening ownership over capital, leveraging existing institutional assets to benefit place, and preventing money from leaking out of our communities. The goal is to reinforce core values such as equity, inclusion, local stability, and sustainability. A range of corporate and institutional forms, involving millions of Americans as owners and consumers, are part of this movement, including cooperatives, employee-owned companies, community financial institutions, land trusts, municipal and state ownership, impact investing, and social enterprise.

Read Ted Howard's contribution to the Colorado Impact Report

Homestead Hospital

Established in 1940 with just 10 beds, Homestead Hospital is now a full-service, 142-bed facility. To help promote healthier lifestyles, the hospital created a three-acre organic garden on an adjacent vacant plot. With the potential to grow 30,000 pounds of produce a year, Grow2Heal community garden provides fresh, nutritious food to area residents and healthy food that can be served to hospital patients, visitors, and staff.  The garden is also used as a site for educational programs, including school fieldtrips, health fairs, cooking demonstrations, wellness workshops, and support groups. Future plans include the development of an on-site greenhouse, farmers market, and handicap-accessible “healing trail” lined with scented fruits and flowers.

Health Foundation South Florida

Health Foundation South Florida aims to improve the health of all South Floridians. Since its establishment in 1993, the foundation has awarded more than $120 million in grants. To help address the social determinants of health, the foundation catalyzed a special Community Building and Economic Prosperity Initiative that is encouraging area anchor institutions to support community wealth building by creating new vehicles for community engagement, supporting local businesses, developing quality educational and health services, adopting mechanisms for local hiring and contracting, and boosting community economic development through direct capital investment.

Yale New Haven Health

Founded in 1862 with just 13 beds, Yale New Haven Health has grown into a 1,541-bed nonprofit teaching hospital with more than 12,000 employees, making it the second largest employer in New Haven.  Committed to diversity and inclusion, the hospital has a dedicated Diversity and Inclusion team focused on promoting and supporting diversity within the hospital’s workforce, patient and community work, and supply chains. Read more about Yale New Haven Health...