An in depth report from NY1 News explains how the Inclusive Creative Economy Fund has galvanized the future of a venerable downtown theater, La Mama. Thanks to a $3 million line of credit from LISC, the nearly 60-year-old institution, which has nurtured thousands of experimental artists and engages a broad diversity of audiences, is able to renovate its aging building and continue its valuable work. The fund’s model of raising debt capital from an array of impact investors to support creative economies and stimulate job growth, the report noted, can be scaled for communities across the country where real estate costs and other forces threaten local arts and culture.
From the unprecedented $1.5 billion we invested last year in people and communities across the country, to our burgeoning collaborations with sectors ranging from tech and healthcare to sports and local government, the LISC 2018 Annual Report is chock full of good news, good numbers, and good ideas. These resources and strategies propel us on our journey to shape a brighter future for all our nation's residents. And that, in a nutshell, is the heart of LISC's mission. Read on!Read Our Report
In an article for Shelterforce, LISC DC’s Adam Kent and Erik Martinez Resly, co-director of The Sanctuaries arts organization, offer a nuanced assessment of the challenges and tremendous payoff of linking artists, community developers and residents to invigorate neighborhoods. “At their roots, both the arts and community development amplify a people’s voice,” write the authors. But clear communication and a willingness to embrace the perspectives of other stakeholders is key to building successful collaborations.
When North Minneapolis natives DeAnna and Roger Cummings founded Juxtaposition Arts (JXTA), they envisioned “a space where kids could have the opportunity to understand what they're good at.” More than two decades later (and with help from LISC), JXTA is a creative and entrepreneurial outlet for hundreds of young people, a force of community revitalization, and a flourishing anchor institution capable of leading a $14 million capital campaign to expand their impact into more neighborhoods, for more youth.