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.
As we kick off 2019, LISC is continuing to grow its investments in economic opportunity and its on-the-ground presence in communities across the country. We unveiled a new program office in Charlotte this week that will spearhead $25 million in investments over the next few years—all designed to boost affordable housing, improve economic mobility and raise standards of living in North Carolina’s largest city. Long-time community leader Ralphine Caldwell has been named executive director to lead the effort.
LISC and State Farm expanded their long-time partnership this week with new funding to boost economic opportunities in 11 cities. "Millions of people are looking for opportunities to earn higher wages and build stronger futures for their families,” said Maurice Jones, LISC president and CEO. "Our partnership with State Farm is vital to advancing this important work.”
A vigorous and unprecedented partnership between LISC and ProMedica, an Ohio-based integrated health system, is set to inject tens of millions of dollars to improve health outcomes and wellbeing in underinvested Toledo neighborhoods. The collaboration, which will serve as a national model, will fund opportunities for employment, income-building, education, community safety and affordable housing—all the social determinants that shape a person’s health. “When we connect [the] talent and resources [of the healthcare industry] to the expertise of community developers, we have an opportunity to drive changes that help people live better—literally adding years to their life,” said LISC CEO Maurice Jones. “That’s incredibly powerful.”
State Farm has announced a new $4 million grant to extend the reach of LISC Financial Opportunity Centers around the country and strengthen commercial corridors in low-income areas. “This is a partnership that changes lives and over time is helping shift the outlook for whole neighborhoods,” commented Michael Rubinger, LISC president and CEO. Since 2000, LISC and State Farm have worked together to support comprehensive programs to build stronger communities.