Wells Fargo has been a valued LISC partner for over 30 years, providing support to LISC and our affiliates to uplift communities across our shared urban markets and rural areas, improving housing and overall quality of life for thousands of residents. Wells Fargo’s partnership continues to be critical in helping LISC achieve broad impact.
Wells Fargo’s current $2.5 million Financial Capability grant supports LISC Financial Opportunity Centers (FOCs). The grant helps underemployed residents in 15 metro areas increase their incomes and raise their standards of living through education, financial coaching, job training/placement and low-cost financial products. It is expected to impact more than 26,000 people, with an aim to connect more people to the skills they need for careers in local, in-demand industries, like information technology and healthcare. Wells Fargo funding will help launch new FOCs in Jacksonville and Atlanta, and expand existing programs in Boston, Chicago, Duluth, Houston, Los Angeles, Milwaukee, Minneapolis/St. Paul, Newark, Philadelphia, Phoenix, San Diego, San Francisco Bay Area and Richmond.
LISC is also the proud recipient of a recent $2 million award under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program. LISC Los Angeles will deploy these funds to programs that encourage entrepreneurship, attract new business, diversify local retail, and stimulate employment with a priority focus on African-American businesses.
Wells Fargo resources have also been foundational to LISC’s work in rural communities. A $220,000 grant supports our Healthy Housing Initiative, which develops and preserves affordable, healthy homes for individuals and families with low and moderate incomes throughout rural America.
Wells Fargo also provides invaluable support to local LISC offices in the form of local grant-making and leadership on 14 Local Advisory Councils.
“We are committed to strengthening the places where we live and work, and to seeing neighborhoods thrive,” said Mike Rizer, head of Community Relations at Wells Fargo. “ Through our partnership with LISC, we approach community needs from a local and national level of support to help accelerate economic empowerment. ” “At Wells Fargo, we believe business can and should play a role in building stronger communities.”
Wells Fargo is committed to strengthening the communities where it operates, and to helping people succeed financially.