This chapter highlights collaborations undertaken between small liberal arts colleges and local communities; these types of collaborations epitomize community development and community innovation in small communities throughout the United States. It also showcases the experiences of one small college and its small metropolitan area in upstate New York. Particular themes such as collective impact, sustainable development, urban design, community innovation and local entrepreneurship are discussed. This chapter notes the merits of college-community collaborations to develop future leaders and change agents amongst the college and locality, which can build community capital and capacity. It covers various strategies for community development and innovation utilized by small liberal arts colleges and their communities as derived from the literature and mainstream media, whilst also searching for quiet exemplars. Finally, this chapter utilizes a single case (one community, one college) and discusses its town-gown story using a community development and innovation lens.