Learn How Anchor Institutions Can Impact Atlantic County’s Economy

By: Follow South Jersey Staff

Atlantic City skyline. Photo credit: Greater Atlantic City Chamber of Commerce Facebook page.

ATLANTIC CITY, N.J. — Economic development of Atlantic County may depend on attracting anchor institutions to create more jobs and stimulate economic growth, according to officials.

In order from the community to become more informed about the benefits of anchor institutions, representatives from the Federal Reserve Bank of Philadelphia will present information to community members about the Anchor Economy Initiative and discuss the creation of an Atlantic County Anchors for Equity Research in Action Lab on Tuesday, May 16 at 9:30 a.m. at Stockton University, 3711 Atlantic Avenue, Atlantic City.

According to Fran Kuhn, Executive Director of the Atlantic County Workforce Development Board, this is an ideal opportunity for our local healthcare providers, education institutions, local governments and others to learn of the ability of anchor institutions to sustain jobs, drive economic growth and support equitable regional development.

“In addition to having a significant economic and social impact on their communities, anchor institutions also have an economic self-interest in making sure these communities are healthy and safe,” Kuhn stated.

Understanding their roles in regional economies can help community leaders and planners make informed choices as regions and anchor institutions evolve.

There is no fee to attend this event, but participants are required to register at ACChamber.com. Click on “events.”

The event is provided in cooperation with the Federal Reserve Bank of Philadelphia, the Atlantic County Workforce Development Board, the Atlantic County Economic Alliance, Stockton University, and the Greater Atlantic City Chamber.

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