LISC-led coalitions in Milwaukee and Philadelphia are among the four winners of this year’s JPMorgan Chase PRO Neighborhoods competition. In each city, local partners are pooling their expertise and resources to drive major community-focused economic development plans that revitalize commercial corridors, spur small businesses, create jobs and raise standards of living for residents.
The newly announced Cincinnati Access Fund has Fifth Third Bank and LISC Greater Cincinnati joining forces to provide capital and technical assistance for minority- and women-owned small businesses. The $3.5 million loan fund addresses the capital gap that many minority small business owners face. As Maurice A. Jones, LISC president and CEO, stated, “We know from our own experience that community-based businesses—especially those in areas that others might consider too risky or complicated—are good investments when done right.”
In honor of Hispanic Heritage Month, we are sharing the story of Consuelo Poland, founder of the Latinas Welding Guild and director of RUCKUS, a flourishing makerspace in the North Mass Avenue industrial corridor of Indianapolis, where LISC has been supporting the growth of a new and inclusive entrepreneurial ecosystem. Poland is dedicated to connecting Indy’s residents, Latina and otherwise, to satisfying work in creative, hands-on and entrepreneurial jobs, and building a supportive community for small businesses and makers in the process.
It’s hurricane season, and communities in the Southeastern United States are just setting out on the hard road to recovery from the destructive force of Florence. LISC has years of experience partnering with local groups to help residents rebuild, and stewarding funds to get that complex work done more efficiently and effectively. In a roundtable interview, four of our resident experts offer reflections and critical best practices for rebuilding, plus a list of the top five things to do post-disaster. Top photo: Puerto Rico post Hurricane Maria © Nashish Scott
The Community Development Financial Institutions Fund (CDFI Fund)—part of the U.S. Department of Treasury—has awarded $700,000 to LISC for intensifying economic development in underserved rural communities. The money will seed a $10 million Fund for Rural Progress to boost investment in infrastructure, business development and job creation, all vital to combating population loss and persistent poverty in rural America.