Opportunity as fuel for local economies
LISC’s economic development initiatives boost the health of neighborhoods by investing in the physical and social assets of a community. We support programs that cultivate entrepreneurship, attract new businesses, diversify the local retail mix and stimulate employment. We are committed to the development of jobs and enterprises in Detroit to ensure the right opportunities exist for businesses and residents to thrive.
LISC has financed
2.9 million sqft.
of commercial, retail, and community space.
A LISC Loan of $700,000 helped transform the aging 38,000sqft Dodge Building in Milwaukee Junction. The building now hosts a series of industrial spaces for small- and mid-sized creative and production firms.
Royal Foods Fresh Market was renovated using a $1.3 million loan from LISC. The well stocked grocer employs 35 residents from the community and has become an anchor for revitalization along the Grand River Corridor
With an investment from Detroit LISC, Kuzzo’s Chicken and Waffles now offers a welcome sit- down dining experience on Livernois Avenue in Northwest Detroit.
Creating and retaining jobs, enhancing the tax base and overall quality of life are critical components of improving economic conditions and creating sustainable communities.
Our economic development work includes:
- implementing strategies to stimulate the local economy and to improve economic conditions
- support for commercial corridor revitalization including infrastructure and façade improvements to business, including coordination, marketing, and education support
- promoting financial literacy and stablity and linking participants to income support and job training through projects like the Greater Detroit Centers for Working Families