Goal 3: Economic Vitality
- 44 Million Square Feet of Retail & Community Space
- $550 Million New Markets Tax Credits Equity Invested
- 20,000 Jobs Created by New Markets Investments
Economic development creates jobs, enhances neighborhood safety and contributes to a vibrant environment of activity and growth. By creating opportunities for retailers and service providers, we help ensure that residents can shop for the goods and services they need in their own neighborhood. Successful local businesses help forestall blight and crime, and they reinforce investments in housing and other development efforts. They transform decaying commercial corridors into centers for arts and entertainment, and incubate innovation that ranges from micro-enterprises to retooled industrial sites.
LISC invests in projects and plans designed to support entrepreneurship, attract new businesses to disinvested areas and stimulate job creation in the places that need it most.