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Find our how LISC is working in Opportunity Zones across the country [...]
Learn how LISC's experts and experience can help you invest in Opportunity Zones [...]
Get the latest tools and information related to Opportunity Zones. Including federal and state resources [...]
Not sure what Opportunity Zones are? We've compiled frequently asked questions on design, timeline and impact [...]
Duluth LISC is one of 31 local offices of Local Initiatives Support Corporation (LISC), a national nonprofit community development organization and CDFI. Overall, LISC has invested $17.3 billion in neighborhoods and rural communities across the United States.
We combine corporate, government and philanthropic resources and have invested $90 million, leveraging $302,331,771 million in Duluth to develop or preserve 1,684 units of housing, created 186 new child-care spaces, 1,553 new jobs. Duluth LISC works to see people and places prosper by addressing comprehensive revitalization, affordable housing development and preservation, and building the capacity of local community development organizations to see neighborhoods are places of choice and opportunity to all. Learn more.
Please join us for our Annual Celebration on Wednesday, April 17. We are excited to announce Minnesota Governor Tim Walz is our invited Keynote Speaker. Together, we will recognize the people and organizations helping LISC (Local Initiatives Support Corporation) forge communities of choice and opportunity—great places to live, work, visit, do business and raise families.
The Citi Foundation and the Local Initiatives Support Corporation (LISC) announced new funding through the Bridges to Career Opportunities (BCO) initiative to help connect underemployed and unemployed people in Duluth to quality jobs in growth industries that are struggling to attract qualified workers in a tight labor market. Community Action Duluth has been awarded $170,000 and technical support to provide services helping job seekers increase their incomes, improve their credit and raise their standards of living. Services include skills training and career development, as well as personal finance coaching, continuing education courses (to strengthen math and reading skills), and resources to help job seekers secure transportation, child care and housing arrangements, which can be impediments to career mobility. The new funding is part of a $10 million three-year national effort by the Citi Foundation and LISC to expand the reach of BCO and spur economic opportunity for thousands of families, including 175 workers in Duluth.
Over 150 community leaders participated in learning sessions on Opportunity Zones, sharing this tool’s potential for Duluth’s five designated Opportunity Zones and the benefits. The federal program provides an incentive for investors to reinvest unrealized capital gains into Opportunity Funds in exchange for a temporary tax deferral on portions of the initial investment; as well as excluding capital gains taxes on Opportunity Fund investments held for at least ten years.