LISC has named a prominent local leader with decades of experience in state and local government to take the helm oft its Twin Cities program office. Peter McLaughlin, as the new executive director, will build on more than $700 million in LISC Twin Cities investments over the last 30 years as he leads new efforts to expand economic opportunity throughout Minneapolis and St. Paul.
LISC is working with Wells Fargo on an effort to spur economic recovery across Puerto Rico. A new grant is supporting LISC’s Kiva Puerto Rico Match Fund to help entrepreneurs launch and grow small businesses, while also helping LISC expand its capacity to support disaster recovery nationwide. It builds on LISC's long experience in communities hit hard by major hurricanes, tornados, floods and fires.
And we've got a lot to celebrate: $20 billion in total investments, record impact in 2018, a 20-year collaboration with the NFL Foundation, and the list goes on. At a gala event in New York City, LISC honors the indispensable work of our partner organizations and the two-decade service of our board chair, former Treasury Secretary Robert E. Rubin.
LISC is using a portion of its investable assets to reinforce its mission of catalyzing opportunity throughout the country. The strategy includes a new impact investment in SustainVC Impact Fund II, which finances enterprises that advance climate solutions, economic equality, health and education.
With initial funding from the city, foundations and banks, the new LISC Charlotte office opened its doors last week and announced its first program activity—a $25,000 capacity-building grant for Historic West End Partners, a high-impact local nonprofit. LISC Charlotte expects to invest at least $25 million to promote economic opportunity in the city’s neighborhoods over the next few years.