Community college partnerships with institutions in other educational sectors (including schools and universities) are important and strategic ways of meeting the educational needs of college constituents and maximizing resources to achieve local and state economic development goals. Understanding what is required for effective partnerships is important in determining when and how to engage in these collaborative, but sometimes costly, arrangements. This article presents a model of partnership development that emphasizes the role of social and organizational capital in the formation of partnership capital that contributes to the long-term success of collaborative efforts.