LISC will seed a new small business development fund and spur healthy food-related enterprises with this week's award from the federal Community Development Financial Institutions Fund (CDFI Fund). The funding will help support entrepreneurs, create jobs, expand local incomes and reduce blight in low-income areas.
A new statewide effort to drive economic opportunity into underserved communities is ramping up to deliver millions of dollars in new capital to fuel small businesses, create jobs and answer the statewide need for more affordable housing.From LISC Milwaukee
At a summit gathering more than 300 community leaders and partners from around the country in Bozeman, MT, Rural LISC leads strategic conversations about crucial issues ranging from economic and workforce development to broadband access to the devastating scourge of the opioid epidemic.
It’s official! LISC has been tapped to manage an $18.5 million investment from Facebook in partnership with community groups and the city of East Palo Alto to create quality affordable housing in Silicon Valley where Facebook is headquartered. LISC plans to quadruple the Catalyst Fund, as it is known, to $75 million to address regional challenges such as affordable housing and access to economic opportunity for local residents.
Karen Davis, who has worked bringing affordable housing, businesses and jobs to Central Illinois for more than two decades, has been named the next director of LISC's Peoria office. “She understands the fundamental challenges that families face—from building the skills they need to take advantage of good jobs to gaining access to better schools, healthy housing and vibrant retail areas,” says Maurice Jones, CEO of LISC. “We’re excited to have her join the LISC family.”