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LISC has launched the Inclusive Economic Opportunity program, which integrates the our previous FOCUS:Works program with our neighborhood-based talent development investments (Bridges to Career Opportunity and Centers for Working Families) and is expanding engagement with micro-enterprise support organizations to provide robust services to entrepreneurs.
This work is being informed by the Inclusive Growth Working Group – the group of economic development stakeholders LISC, the City of Indianapolis, and Indy Chamber continue to convene – as well as through a formal learning partnership managed by LISC national’s Economic Development team that includes LISC Indianapolis, LISC Philadelphia, and LISC Los Angeles. This cohort of local LISC offices is sharing concepts, practices, successes, failures, and insights to improve our local as well as LISC’s national understanding of the interaction between district development, talent development, and creative place-making and, subsequently, how to integrate investments and strategies in ways that inclusively enhance residents’ upward economic mobility.
With the ultimate goal of vibrant and sustainable businesses that provide jobs for neighborhood residents, the program aims to increase the number of businesses moving to, starting in, and expanding in urban industrial districts. Through partnerships with government, non-profit and for profit partners, we help address policy barriers, increases city-wide collaboration and focuses on targeted districts, increasing the capacity of development partners and businesses through technical assistance, access to capital and advocacy at a local level supported by the national LISC framework.
Last year the program saw the following results:
Small Business Façade and Property Improvement Grants
Capital & Financial Support for Business Growth
Connecting Businesses to a Prepared Resident Workforce
Building Neighborhood Infastructure to Grow Businesses