Small Business and Microenterprise Support
LISC supports job growth in underserved communities by helping equip local businesses with the resources they need to grow. We provide direct financing while also building out larger networks of coordinated assistance for small enterprises overlooked by conventional financing channels. We strategically support businesses in low- and moderate-income communities, as well as businesses owned by veteran, woman, and minority entrepreneurs. This network includes connections to trained employees and districts where the business can thrive.
LISC Indianapolis is focused on supporting the growth of the entrepreneurial ecosystem in our neighborhoods by investing in entities and programs that provide direct and inclusive support to entrepreneurs and micro-enterprises. LISC’s investments currently include:
- Financial support for Edna Martin Christian Center’s work to integrate culturally relevant entrepreneurship and micro-enterprise coaching into the Bridges to Career Opportunity (BCO) model and offer this coaching across the BCO network and in jails
- Continued support for the maker-space RUCKUS with a focus on building RUCKUS’ capacity as they expand into a total of three spaces and have proven their ability to attract diverse entrepreneurs
- Co-investment with Indy Chamber and the Central Indiana Community Foundation in Forward Cities’ Inclusive Entrepreneurship Model and the Forward Cities Fellow who leads this work locally – work that has included a series of thoughtful convenings and the development of three pilot projects that will be launched in 2020 to help alleviate barriers for entrepreneurs in strategic geographies by providing access to space, capital, and marketing resources
- A partnership with SOURCE River West as they expand base-level micro-enterprise support programming into additional Great Places