As she steps into her new roll as COO for LISC, Annie Donovan, former head of the CDFI Fund, shares some reflections on the current promise—and challenges—of doing community investment, the origins of her personal commitment to service and creating equitable opportunity, and the reasons she decided to come to LISC.
Last year, LISC launched its newest subsidiary, the SBA-guaranteed lender immito, to scale our ability to reach and support underserved small businesses and help spur job growth across the country. Julie Huston, immito’s founding president, is a seasoned small business expert—in fact, she recently testified before Congress re: new budget proposals that would hamper small business entrepreneurs’ access to credit. We caught up with Huston at her base in Denver to learn more about immito, the economic and social power of small business, and why all this is so close to Huston’s heart.
New to LISC’s partnership with Kiva? Our collaboration with the crowd-funding microloan platform helps us help entrepreneurs get the capital and technical support they need to launch and grow businesses. One of our favorite parts of the relationship is getting to know determined small business owners and hearing their stories. Meet four owners who, armed with their LISC + Kiva loans, are injecting creativity, resources and dynamism into their communities.
On the evening of April 23rd, 700 partners, colleagues and allies gathered to officially mark LISC's 40th anniversary at a gala celebration in New York City. Special guests and speakers included New Jersey Governor Phil Murphy, St. Paul Mayor Melvin Carter, former Vice President Walter Mondale, former HUD Secretary Henry Cisneros, and former Secretary of Health and Human Services Sylvia Mathews Burwell. And of course, our 20-year board chair, former US Treasury Secretary Robert E. Rubin, the evening's distinguished honoree.
From the unprecedented $1.5 billion we invested last year in people and communities across the country, to our burgeoning collaborations with sectors ranging from tech and healthcare to sports and local government, the LISC 2018 Annual Report is chock full of good news, good numbers, and good ideas. These resources and strategies propel us on our journey to shape a brighter future for all our nation's residents. And that, in a nutshell, is the heart of LISC's mission. Read on!Read Our Report