Invest, Build & Strengthen Community Health
Anchor Institution Mission
In Partnership With the Local Community
We have invested funds to develop partnerships with local community-based organizations to address job and food insecurity in underserved communities such as undocumented, immigrant, low income and senior citizens. Additional routes for impact investment include donations to local non-profit organizations, debt financing, equity investment, and fund-invested capital.
Local Investing and Capital Projects
The Healthcare Anchor Network defines Place-based investing (PBI) as an impact investment approach that targets positive social, economic, and environmental impacts in specific communities and geographies of need, while achieving a modest financial return. The purpose of place-based investments is to address financing gaps in the marketplace by adding affordable and flexible capital for community projects. In a place-based investment, at lease the principal of the investment should be persevered for the institution, and the funds are reflected on the balance sheet rather than within an organization’s operating budget. Utilizing investments alongside grants and other types of community giving helps to address the challenge of limited grant funding while channeling capital into underserved, underfunded, and marginalized communities to increase community wealth.
Projects
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California Tower
Tapping local vendors and suppliers for materials, California Tower will bring an economic boost to the Sacramento area. Once completed, its state-of-the-art facilities on the Stockton Boulevard corridor will permanently employ clinical professionals and skilled employees alike. New programs for job training for the local community is planned as part of this construction – UC Davis Health has already added 1,500 mostly union jobs in just the last three years and is committed to making sure those employment benefits clearly extend to local applicants.
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Aggie Square Community Benefits Partnership Agreement (CBPA)
What is Aggie Square?Upcoming EventsThe Aggie Square Community Benefits Partnership Agreement (CBPA) is an agreement among UC Davis, Wexford Science and Technology, and the City in response to input from the community over the past three years. The CBPA includes commitments for providing jobs and job training, affordable housing, better transportation options, youth education programs and other benefits for local residents and communities of interest, especially those who have not historically benefited from economic development.
Partners
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Alchemist CDC
About this partnerAlchemist CDC connects Sacramento area communities to land, food, and opportunity toward a vision in which all neighborhoods are vibrant, equitable, healthy, and diverse.
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Sacramento County Health Center
About this partnerWe work closely with the Sacramento County Health Center to support a food prescription program that gives needy families a gift card to purchase fresh fruits and vegetables.