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 [...]
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.
In Cincinnati, LISC’s one-to-one matches for Kiva loans to local entrepreneurs are producing some sweet results. An article in Soapbox Cincinnati tells the stories of creative area women, including a gourmet carrot cake baker, who have grown their businesses thanks to the no-interest, no-fee—but big impact—loans.
In honor of Independence Day, LISC CEO Maurice A. Jones reflects on how our country has thrived and prospered thanks in large part to the contributions of immigrants. Now is a time, says Jones, to recommit to the American promise of extending opportunity to all. And to that point, we are sharing a video story about our longtime partner, the Washington D.C.-based Latin American Youth Center. For 50 years, LAYC has helped disconnected youth, U.S. born and recent immigrants, navigate the journey to adulthood, so that they can flourish and contribute to the economic and civic life of our country.
Bill Taft, the longtime executive director of LISC Indianapolis, has been named senior vice president of economic development for LISC and will be spearheading our work to grow enterprises and create jobs in the places that need them. In the following Q&A, he talks strategy, practice and what it takes to build inclusive local economies in real life.
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 districts. “We have no doubt that this kind of progress is good for residents, good for communities and good for the country,’ says Maurice A. Jones, LISC CEO.