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Universities Step In to Sustain Local Businesses

Colleges that own commercial property are giving a break to the tenants that bring their communities to life.

Cropped Image Of Barista Making Coffee At Cafe

Photographer: Jimin Shi-Longo/EyeEm via Getty Images

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Rich universities are investing to save the heart of their college towns: the small businesses near campus.

Colgate University in Hamilton, New York; Williams College in the Berkshires town of Williamstown, Massachusetts; and Yale University in New Haven, Connecticut, are among schools that own commercial spaces and have waived rent since sending students home during the Covid-19 pandemic.