Syracuse University serves as economic anchor for Central New York

For many post-industrial cities such as Syracuse, economies are no longer centered on making and manufacturing.

Universities and health care institutions – or “eds and meds” – are now at the center of inner city income generators. These anchor institutions, such as Syracuse University and the Upstate University Health System, are major stakeholders in the future of the cities they sit in.

“Gone are the days where local economies are centered on downtown main streets, for better or for worse,” said Liz Holden, a research and communications associate at the Initiative for a Competitive Inner City, an economic research organization. “Universities and hospitals were really the ones who lasted.”