Ohio University

Athens, OH

Case Study

Ohio University is very active in community development throughout Appalachian Ohio. They work with a network of regional entrepreneurship partners including a business incubator they run, an Angel Fund, a public VC Fund, several non-profit development orgs, and are very engaged in OZ work in Southern Ohio. Some of the focus areas include food systems, health, energy. Ohio University’s Voinovich School of Leadership and Public Affairs was awarded a $2.2 million investment from the U.S. Department of Commerce Economic Development Administration to accelerate the region’s transition from a coal economy through a new initiative called Resilience Initiative for Southeastern and Eastern Ohio (RISE Ohio).

Links to relevant articles:

  1. Voinovich School, OMEGA, Buckeye Hills awarded $2.2M EDA grant to boost community economic growth
  2. Request for Proposals: RISE Ohio Legal and Technical Assistance for Regional Opportunity Zone Planning – Athens County, OH

Roles

Gudebooks

Filter Case Studies

By Asset Class:

  1. Business Incubators

Related Case Studies

Rutgers University – Newark

Newark, NJ

Similarities: Community Convener, Impact Driver, Local Anchor, Business Incubators, Financial Inclusion & Community Wealth, Small Business Development & Financing

The Center for Urban Entrepreneurship & Economic Development (CUEED) at RU-N is one of the first centers of its kind to integrate scholarly works with private capital, government, and non-profit sectors to develop citywide resources and bring renewed economic growth and vitality through urban entrepreneurship.

READ MORE

Rowan University

Glassboro, NJ

Similarities: Community Convener, Impact Driver, Local Anchor, Business Incubators, Identifying Capital Sources, Small Business Development & Financing

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.

READ MORE

Northeastern University

Boston, MA

Similarities: Impact Driver, Business Incubators, Financial Inclusion & Community Wealth, Identifying Capital Sources, Small Business Development & Financing

Northeastern launched the region’s first university-supported loan program for women- and minority-owned businesses. The initiative, called the Impact Lending program, enables local small-business owners to secure loans, at below-market interest rates, to acquire crucial resources to expand their businesses.

READ MORE

University of Virginia’s College at Wise

Wise, VA

Similarities: Community Convener, Local Anchor, Business Incubators, Small Business Development & Financing, Understanding Opportunity Zones

UVA-Wise is the lead partner for an Opportunity Appalachia program in the State. They are a leader in Southwest Virginia in community and economic development, with tremendous connections to community leaders across the region and to state government. They have a strong track record in downtown development and rural entrepreneurship efforts in +20 communities.

READ MORE

LaSalle University

Philadelphia, PA

Similarities: Impact Driver, Local Anchor, Environmental Sustainability, Financial Inclusion & Community Wealth, Identifying Capital Sources

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.

READ MORE

Duke University

Durham, NC

Similarities: Local Anchor, Business Incubators, Identifying Capital Sources, Small Business Development & Financing

Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College.

READ MORE

Missouri State University

Springfield, MO

Similarities: Business Incubators, Identifying Capital Sources, Small Business Development & Financing, Understanding Opportunity Zones

Using a $1.25M grant from the Economic Development Administration and matching local OZ funds, the University plans to expand its efactory business incubator in Springfield, MO. According to Missouri State, this investment is expected to create “360 jobs and spur $27 million in private investment.”

READ MORE

Deep South Economic Mobility Collaborative (Multiple HBCUs)

Southeast

Similarities: Local Anchor, Business Incubators, Identifying Capital Sources, Small Business Development & Financing

Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College.

READ MORE

College of St. Joseph

Rutland, VT

Similarities: Community Convener, Local Anchor, Business Incubators, Small Business Development & Financing

St. Joseph’s accreditation was suspended in 2019 because of financial concerns. Now, the college’s space and land is being evaluated for potentially becoming an innovation center for the surrounding community.

READ MORE

Case Western Reserve in Cleveland

Cleveland, OH

Similarities: Community Convener, Local Anchor, Business Incubators, Small Business Development & Financing

The Greater University Circle Initiative coordinates three large anchor institutions located in Cleveland’s University Circle area—about one-square mile of educational, cultural, and health institutions. Through this initiative, the Cleveland Clinic, University Hospitals, and Case Western Reserve University networked and deployed their resources in a powerful challenge to the persistent poverty and disinvestment in seven surrounding neighborhoods.

READ MORE

University of Washington

Seattle, WA

Similarities: Impact Driver, Business Incubators, Environmental Sustainability, Small Business Development & Financing

Livable City Year program is a partnership between cities in Washington state and UW’s faculty and students from various disciplines to strategize solutions to the specific community’s needs. Since 2016, this university program has produced numerous projects for the cities of Auburn, Tacoma, and Bellevue including enhancing Startup 425, a program that provides value-adding services to local startups and neighborhood planning projects.

READ MORE

University of Utah / Sorenson Impact Center

Salt Lake City, UT

Similarities: Community Convener, Small Business Development & Financing, Understanding Opportunity Zones

The Sorenson Impact Center partnered with the Utah Association of Counties to support communities throughout UT, launched the OZ Catalysts in partnership with Forbes, and is a thought leader in the Opportunity Zones.

READ MORE

University of Iowa

Iowa City, IA

Similarities: Local Anchor, Environmental Sustainability, Identifying Capital Sources

“Hannon Armstrong joins ENGIE and Meridiam in the “Hawkeye Energy Collaborative,” which was awarded a $1 billion 50-year utility management concession contract in December 2019 and reached financial close on March 10, 2020. Hawkeye Energy Collaborative will support the University of Iowa’s energy, water, and sustainability goals for two campuses spanning 1,700 acres in Iowa City, Iowa. Under the agreement, ENGIE will operate, maintain, optimize, and improve the on-campus utility systems for the University.

READ MORE

University of Dayton

Dayton, OH

Similarities: Local Anchor, Business Incubators, Understanding Opportunity Zones

The university serves as an anchor in The Dayton Arcade project which restored a 9-building complex in downtown Dayton. The projectincludes affordable and market-rate units, University of Dayton and the Entrepreneurs Center’s Arcade Innovation Hub, leasable office and retail space, and event space. The Arcade is part of a larger plan by the City of Dayton to bring residents, jobs, and visitors back to the downtown.

READ MORE

UNC Chapel Hill

Chapel Hill, NC

Similarities: Community Convener, Business Incubators, Small Business Development & Financing

UNC and Chapel Hill town officials have partnered to spur innovation and entrepreneurship and keep local businesses and research ventures in town. The Carolina Economic Development Strategy’s goal is to revitalize the downtown and boost economic development. The partnership seeks to bring UNC affiliated businesses to downtown Chapel Hill through newly built office spaces.

READ MORE

Seattle University

Seattle, WA

Similarities: Business Incubators, Financial Inclusion & Community Wealth, Small Business Development & Financing

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.

READ MORE

University of Memphis

Memphis, TN

Similarities: Impact Driver, Local Anchor, Financial Inclusion & Community Wealth

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.

READ MORE

Arizona State

Phoenix, AZ

Similarities: Community Convener, Local Anchor, Understanding Opportunity Zones

Arizona State moved its schools of nursing and journalism and other programs into a once-blighted section of Phoenix in a project that includes student housing and private development. Part of the anchor institution model is to invest in a suite of different programs and initiatives meant to connect them with the community.

READ MORE

Western Colorado University

Gunnison, CO

Similarities: Financial Inclusion & Community Wealth, Small Business Development & Financing, Understanding Opportunity Zones

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.

READ MORE

Kansas State University

Manhattan, KS

Similarities: Community Convener, Local Anchor, Identifying Capital Sources

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.

READ MORE

Marquette University

Milwaukee, WI

Similarities: Community Convener, Local Anchor, Financial Inclusion & Community Wealth

Marquette University is one of the 5 anchor institutions funding the Near West Side Partners nonprofit organization. The organization’s mission is to revitalize and sustain the Near West Side as a thriving business and residential corridor, through collaborative efforts to promote economic development, improved housing, unified neighborhood identity and branding, and greater safety for residents and businesses.

READ MORE

California State University, Dominguez Hills

Carson, CA

Similarities: Local Anchor, Environmental Sustainability, Identifying Capital Sources

The university is working with energy storage firm Stem, Inc. to implement the company’s software-driven energy storage service to drive down energy costs across the university. “CSU Dominguez Hills is another example of a higher education leader who seeks Stem’s automated energy savings while also contributing to more intelligent grid solutions,” said John Carrington, CEO of Stem. “California’s universities and colleges want energy storage to help them control their energy choices, play a strong role in their community, and help transition the state to even higher amounts of renewable energy.”

READ MORE

Clemson University

Clemson, SC

Similarities: Local Anchor, Environmental Sustainability, Identifying Capital Sources

Clemson University has deployed a distributed energy storage system in an effort to reduce energy costs and to provide engineering students an opportunity to practice measuring and tracking energy savings. “Our distributed energy storage system is a natural extension of our core businesses in the buildings and battery markets and partnering with Clemson University allows us to help deliver the kind of smart and integrated energy management that will keep students and faculty comfortable while driving down utility costs,” said John Schaaf, vice president of distributed energy storage at Johnson Controls, in a prepared statement.

READ MORE

Indiana University-Purdue University Indianapolis

Indianapolis, IN

Similarities: Local Anchor, Business Incubators, Small Business Development & Financing

IUPUI hosts a class called “Planning for a Profitable Business” in a borrowed corner of a public housing complex for formerly homeless veterans on Indianapolis’ Near West Side. The students are current and aspiring entrepreneurs, many of them from this hard-luck neighborhood, which IUPUI is working to improve.”

READ MORE

University of Pennsylvania

Philadelphia, PA

Similarities: Local Anchor, Financial Inclusion & Community Wealth

Between 1996 and 2003, the University of Pennsylvania tripled the dollar amount of goods and services purchased from West Philadelphia businesses through their Economic Inclusion Initiative. They continue to focus on local purchasing and aim to award 20 percent of all construction contracts to minority or women-owned businesses.

READ MORE

University of New Hampshire

Durham, NH

Similarities: Environmental Sustainability, Identifying Capital Sources

In July 2017, the University of New Hampshire (UNH) Foundation invested $3.06 million investment into the Community Loan Fund. This was the UNH Foundation’s first impact investment, and its first investment directly into a New Hampshire organization or business. This total investment was one of the largest investments ever in the Community Loan Fund, and […]

READ MORE

Howard University

Washington, D.C.

Similarities: Local Anchor, Identifying Capital Sources

Howard University teamed up with the Washington, D.C. government, Fannie Mae, and corporate partners to transform 45 abandoned, university-owned properties in a neglected neighborhood into more than 300 housing units and $65 million in commercial development. The Howard University LeDroit Park Initiative had three themes: 1) celebrate the history of the area; 2) redefine the community; and 3) enhance the quality of life and safety.

READ MORE

University of Chicago (Housing)

Chicago, IL

Similarities: Impact Driver, Local Anchor

“Since the University of Chicago launched its employer-assisted housing program in 2003, it has had 230 employees receive assistance to purchase homes in Woodlawn, North Kenwood, South Shore, Washington Park, and a few other nearby neighborhoods.”

READ MORE

Morehouse College

Atlanta, GA

Similarities: Community Convener, Impact Driver

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.

READ MORE

UAB

Birmingham, AL

Similarities: Impact Driver, Local Anchor

The University of Alabama at Birmingham offers assistance to full-time, benefits-eligible faculty and staff who buy or renovate a home in designated areas in the nearby neighborhoods of Five Points, Glen Iris and North and South Titusville. These five year conditional grants may be used for the purchase, down payment and/or closing costs for a new home or for renovations on an existing home in the incentive zone.

READ MORE

Tulane

New Orleans, LA

Similarities: Local Anchor, Understanding Opportunity Zones

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.

READ MORE

The University of Maine and St. Joseph’s College

Maine

Similarities: Environmental Sustainability, Small Business Development & Financing

Local universities leveraging their faculty and staff to help spur expansion of critical local businesses and industries makes those businesses and industries more investable – and Maine lobster is a perfect example.

READ MORE

Stillman College

Tuscaloosa, AL

Similarities: Identifying Capital Sources, Understanding Opportunity Zones

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.

READ MORE

Lehigh University

Bethlehem, PA

Similarities: Identifying Capital Sources, Understanding Opportunity Zones

Opportunity Zone equity was paired with Historic Tax Credits to support the transformation of an underutilized 125-year-old building on Lehigh University’s campus into 30 apartments and new retail space in South Bethlehem. Reinventing this space is part of Lehigh’s strategy to demonstrate their commitment to community, revitalize South Bethlehem, and continue campus expansion as the university grows.

READ MORE

Ball State University

Muncie, IN

Similarities: Community Convener, Impact Driver

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.”

READ MORE

Ohio State

Columbus, OH

Similarities: Identifying Capital Sources

Working through Campus Partners, a nonprofit community development corporation, Ohio State invested $28 million of its endowment funds into the “South Campus Gateway” complex.

READ MORE

University of Chicago (Child Care)

Chicago, IL

Similarities: Identifying Capital Sources

The University of Chicago and IFF, a CDFI with a history of lending to the child care sector, have worked together on multiple initiatives to create more childcare and education opportunities for Chicago’s communities.

READ MORE

The University of Cincinnati

Cincinnati, OH

Similarities: Identifying Capital Sources

The University of Cincinnati’s endowment was nearly $833 million in 2009. From 2003 through 2009, the University invested $148.6 million of this money (roughly 13.6 percent of the school’s entire endowment) to finance real estate development in the neighborhood of Uptown Cincinnati.

READ MORE

Drexel University

Philadelphia, PA

Similarities: Local Anchor

The Lindy Institute for Urban Innovation’s Nowak Metro Finance Lab, advances thought leadership, research, as well as new resources and tools to build support for communities leveraging Opportunity Zones.”

READ MORE

The Russell Center

Atlanta, GA

Similarities: Small Business Development & Financing

The Herman J. Russell Center for Innovation and Entrepreneurship is a 50,000 SF campus in one of Atlanta’s fast growing downtown neighborhoods that is focused on black entrepreneurship.

READ MORE

Bates College

Lewiston, ME

Similarities: Local Anchor

Boston-based Arctaris is building workforce housing and broadband infrastructure across Maine.(Source: Beeck Center) One of their projects is on Bates College’s campus to provide workforce housing for Bates’ employees.

READ MORE

University at Buffalo

Buffalo, NY

Similarities: Local Anchor

To encourage home ownership and help support stabilization and revitalization in and around the South Campus, the University at Buffalo offers the UB H.O.M.E. (Home Ownership Made Easy) program to full-time and part-time faculty and staff. This program is being funded by the University at Buffalo Foundation (UBF) in partnership with West Side Neighborhood Housing Services (West Side NHS), Inc., a NeighborWorks America Chartered Member with a proven track record of housing and community revitalization.

READ MORE