In addition to creating alignment on the need for an agreement, the organizations must also agree on the strategy to be used with that anchor institution. This could include:
1. An analysis of trade agreements will provide some of the framework around the strategy. For instance, an analysis may conclude that companies could only be eligible for procurement agreements under $75,000.
2. Offering procurement incentives, such as longer contracts, to larger organizations that partner with local companies to fulfill the procurement contract.
3. Split up procurement contracts into smaller pieces so that small, local companies can fulfill the contract.
4. Provide a threshold so that more expensive local bids can win the contract if their costs are within a 10% margin of the potential winning bid.
5. Commit to local hiring for infrastructure projects. For instance, committing to making the construction workforce 20% local hires with 5% increases each year. This may require the development of local training programs, which also ensures that future maintenance on the infrastructure project can be completed locally.
The University of California, Berkeley founded the HAAS Institute for a Fair and Inclusive Society. They have created a guide on how to build a coalition to support an anchor institution campaign.