Over the next ten years, LISC will direct 50 percent of our annual investments to fuel inclusive economic development in underinvested communities across America. That means preparing people to take on high quality, well-paying jobs. And it means ramping up our work to help small businesses succeed and transforming vibrant commercial and industrial [...]
In this week’s Stanford Social Innovation Review, LISC CEO Maurice A. Jones takes a close look at the outcomes from one of the largest single-city community development efforts in the country, the decade-long New Communities Program (NCP) in Chicago. Most notable, Jones writes, is data on community networks and how closely they connect to local growth and opportunity. The evidence confirms what community developers have long assumed but previously never proven: a durable local infrastructure of nonprofits, businesses, and other stakeholders is able to both attract and absorb capital in ways that measurably improve residents’ quality of life.
Why is the U.S. falling behind other wealthy nations when it comes to life expectancy? LISC CEO Maurice A. Jones tells the New York Times that underinvestment in core human needs like housing, education and jobs is damaging the health outlook for millions of Americans. He pointed to innovative partnerships, like LISC's collaboration with Toledo-based ProMedica, as a way to raise standards of living and improve longevity. “Let’s make this the new standard of care…,” he urged.
LISC CEO Maurice A. Jones takes a hopeful look at the future in an interview with Philanthropy News Digest, pointing to the wealth of untapped talent in American communities as evidence that there are gains yet to come. "The question is, what do we do as a society to ensure that these people are able to fulfill their promise?” For LISC, that includes a range of local investments, from employment skills training to entrepreneurship to affordable housing development, all of which help expand economic opportunity and support a good quality of life.
In this edition, Maurice, Morgan, and special guest, Helene Caloir, discuss the impact of the financial and foreclosure crisis. They also begin a discussion of the New York State Housing Stabilization Fund’s “Zombies” and vacant properties program, which has equitable principles infused into its design.
In an op-ed for Yahoo! Finance, LISC CEO Maurice A. Jones hit home the value of financial literacy as an essential skill on the path to financial wellbeing for all Americans—and to a healthy U.S. economy. Thinking back to his own childhood and the lessons in money management he absorbed working on his family’s farm, Jones calls for the public and private sectors to join forces and connect underserved youth to the kind of financial education that can make the American Dream a reality.