LISC is ramping up its national economic development work with the launch of a new small business lender called immito. “Nothing catalyzes opportunity in a community like new businesses launching and expanding,” said Maurice A. Jones, LISC president and CEO. immito is expected to do $100 million in annual lending and will spark entrpreneurship and [...]
The Community Development Financial Institutions Fund (CDFI Fund)—part of the U.S. Department of Treasury—has awarded $700,000 to LISC for intensifying economic development in underserved rural communities. The money will seed a $10 million Fund for Rural Progress to boost investment in infrastructure, business development and job creation, all vital to combating population loss and persistent poverty in rural America.
Check out our top three reads of the week covering the challenges and opportunities of American communities. This week, we're reading about the life-expectancy gap, worker cooperatives, and the link between housing and family stability.
September 15 marks the beginning of Hispanic Heritage Month. To celebrate, we’re spotlighting the extraordinary staff and clients of the Latin American Youth Center, a longtime LISC partner in Washington, D.C. In its 50 years, LAYC has welcomed and served 27,000 youth, many of them recent immigrants, helping connect them to education, mentors, housing, work, mental health services and each other. This kind of work makes an enormous difference in young lives and in our communities, and we’re honored to be part of it: we’ve invested nearly $2 million in LAYC’s people and programs, including financing the purchase of the group’s home base in the Columbia Heights neighborhood.
We’re back! Tune in to this month’s podcast to hear a reflection on how we can best pursue inclusive economic growth by leveraging the assets of communities of color and low-income communities across the country. Special guest Andre Perry from the Brookings Institution’s Metropolitan Policy Program joins Maurice and Morgan to share his perspective on a strategy for highlighting these strengths drawing on his research and work in majority-Black cities. Look out for future special guests in the coming months, as we reflect back and forge ahead as LISC turns 40.
Check out our top three reads of the week connected to community development work. This week, we're reading all about unemployment versus underemployment and how those issues impact housing and homelessness, financial stability and policy.