Case Study
As Rowan began to increase its capital spending locally, the city of Glassboro saw a unique opportunity to leverage the Rowan investments by developing a plan for the transformation of the downtown area leading to the university. This plan ultimately became the $476 million, mixed-use development of Rowan Boulevard. In the city of Glassboro more than 30 percent of school-aged children qualified for the free lunch program and 20 percent of families earn under the poverty line. The growth that was transforming Rowan was noticed by the former mayor of Glassboro and the business community. Policy and business leaders were encouraged by the growing student market for retail services, housing and food coupled with the university’s strategic focus on becoming an “engine of growth” for Southern New Jersey. In 2008, the town purchased and demolished rundown properties to make way for the development. The Rowan Boulevard design plan generated significant interest by developers, in part because it included lease-back arrangements with the university for student housing and academic buildings.
The South Jersey Technology Park at Rowan University is located approximately one mile from the Rowan campus. According to Dr. Beena Sukumaran, who directed the management of the park for Rowan, the growth of business and investment in the Glassboro area was initiated in partnership with a local philanthropist, Sam Jones, who donated $1 million in 2006 for the establishment of the technology park. According to university literature, “The mission of the Technology Park is to establish a technology based entrepreneurial economy; expand and strengthen the unique research and learning environment of Rowan University; and create value for its surrounding communities in their economic, physical and social development.”
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NPU-T (Neighborhood Planning Unit-T), Ashview Community Development Association, West End Neighborhood Development Association, Westview Community Organization, West End Merchant Coalition, Booker T. Washington Homeowners Association are working together under the Morehouse College Community Revitalization Initiative (MCCRI) . The initiative was started as programming to develop a relationship with the college’s surrounding community, greater West End Atlanta. This initiative is the home base of the college’s Adams/Conner Scholars, student interns who serve as the liaisons between Morehouse and the community. The initiative has three objectives around supporting revitalization in this area of Atlanta: preparing a neighborhood revitalization plan that emphasizes community-articulated preferences for development and preservation, establishing community-based momentum for driving neighborhood revitalization, and promoting and strengthening meaningful linkages between the community and Morehouse College.
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The Resource Amplification & Management Program within Seattle University lives in its Albers School of Business and Economics and serves local underserved businesses. A team of faculty, staff and students works with the particular business for a year or more in order to encourage growth through business coaching, resource connections, business planning, technical support, and project management. The university has built connections with local neighborhoods in Seattle with more than 2,000 hours of coaching over 150 businesses since 2016.
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Western Colorado University’s ICELab is a “community organization with a keen interest in mountain town sustainability and economic diversity in rural Western Colorado.” The lab provides startups and growing businesses affordable coworking/office space as well as an Incubator Program.
In addition to serving as a space for community engagement and business incubation, ICELab is a nonprofit intermediary in applying for and deploying Opportunity Zone Mini Grants from the Colorado Office of Economic Development and International Trade (OEDIT). Recently, OEDIT awarded ICELab with two grants on behalf of two private companies using Opportunity Zones for their community-oriented projects. One project is a sustainable hotel and the other a workforce housing development called Gunnison Rising sponsored by Williford LLC in the land use and affordable housing space.
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Established in 2014 by a three-year grant from the Ball Brothers Foundation, the Building Better Neighborhoods Initiative connects Ball State’s resources with neighborhood development efforts across Muncie and Delaware County through “collaborative immersive learning experiences with Ball State faculty, students, and neighborhood associations; leadership development workshops and annual conference for neighborhood association members; best practices and support for neighborhood associations; and networking and learning opportunities for neighborhood leaders.”
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In 2006, Kansas State held listening sessions across the state aimed at identifying challenges facing rural Kansas communities. During these sessions, the need to support rural grocery stores rose to the top.
Rural grocery stores contribute to a community by providing economic development through jobs and by contributing to the local tax base, acting as community hubs for community members to gather and connect, and serving as essential sources for healthy food options.
KSU founded the Rural Grocery Initiative (RGI) to provide resources to help sustain and enhance independently-owned rural grocery stores. RGI assists communities and citizens to strengthen rural grocery operations and improve access to healthy foods. RGI provides technical assistance to grocers and communities related to rural grocery stores and/or healthy food access, maintains a Rural Grocery Store Database, develops and maintains a collection of resources called the Rural Grocery Toolkit, hosts a National Rural Grocery Summit, conducts research on relevant rural grocery and food access issues, and partners with organizations and institutions that work to support rural grocery stores and communities.
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In 2004, La Salle University’s Office of Community and Economic Development worked with leadership and community members to craft a realistic plan to improve the quality of life for residents around the campus. The University’s findings led them to The Reinvestment Fund (TRF), a Philadelphia-based CDFI and leader in the financing of neighborhood revitalization, affordable housing, community facilities, supermarkets, and commercial real estate. With the support of TRF, La Salle University began to develop a redevelopment strategy for its investment in the adjacent neighborhoods. The keystone of the plan was a 80,000 square foot retail center, The Shoppes at La Salle, located adjacent to the campus. The Shoppes at La Salle was anchored by a 50,000 SF Fresh Grocer, the first full-service supermarket built in the area in over 40 years. TRF facilitated $14 million in financing for the supermarket through a combination of grants and loans from Pennsylvania’s Fresh Food Financing Initiative and Pennsylvania’s Redevelopment Agency, New Markets Tax Credit financing, the American Recovery and Investment Act financing, and other sources of state loan funds and leveraged financing. The Fresh Grocer opened its doors in 2009, creating more than 250 jobs, mainly filled by local residents. The store also increased access to affordable, fresh food for the residents in the underserved neighborhoods around La Salle’s campus. In addition, the construction of the store incorporated state-of-the-art energy refrigeration and energy management systems that reduce energy consumption and contribute to enhanced financial performance to ensure sustainable operations of the store.
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University Neighborhoods Development Corporation works to build and enrich campus and community environment by investing in surrounding neighborhoods. UNDC is a partnership between University of Memphis, University District Business Alliance, University District, Inc., Shelby County Division of Planning and Development, and Economic Development Growth Engine. Opportunity zones are one of their main initiatives. Their Work Local program is designed to improve the community through job access and blight reduction by providing job-seeking panhandlers with a day’s wages and a meal to clean-up sites, where they work to reduce urban blight.
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The Warwick Hotel has been abandoned since Hurricane Katrina. The 154 room hotel, with its 1950s-era modernist architecture, opened in 1952. Tulane University signed a lease on Warwick and the structure will be completely renovated using opportunity zone money from the New Orleans Redevelopment Fund. The apartments, now called Thirteen15, will house graduate students, doctors, researchers, faculty who are tied into Tulane’s nearby Medical School.
Tulane also will be the anchor tenant of the refurbished Charity Hospital around the corner, another property that has been unoccupied since Hurricane Katrina 15 years ago and which is slated for a $300 million rehabilitation. Tulane will be leasing 350,000 square feet of space, 100,000 square feet of which will be converted into laboratory facilities, with the rest given over to teaching space, offices and study areas, to serve approximately 1,000 staff and students.
“The Warwick and Charity projects are prime opportunities to exponentially expand the university’s size and research mission, while also bolstering the creation of a robust research and commercialization ecosystem in the heart of the city,” Tulane President Mike Fitts said in a news release.
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As soon as it became clear that Stillman would be located in a Opportunity Zone, the school’s president seized the opportunity to enlist the support of potential private equity partners, the City of Tuscaloosa, and consultants to develop investment projects for the school’s vacant and unused property holdings. As a result, Stillman College has developed plans to build three projects: 100 units of workforce housing for its faculty, administration, staff; redevelopment of an existing, vacant student dormitory for senior student housing; and a hotel (which has been postponed for COVID-19 reasons).
Stillman College signed a memorandum of understanding with partners in a project to build a 125-room hotel on the college campus to serve as a teaching center for the school’s hospitality management program. Also a part of the project is mixed-use residential and commercial space, including market-rate housing for faculty, graduate students and the surrounding community. The plan is for the project to be sold back to Stillman College for its long-term use at the end of a 10-year holding period, with the cash flowing back to the college. The primary investor is the Renaissance HBCU Opportunity Fund, an Opportunity Fund, that provides assistance and financing to historically black colleges and universities.