A new LISC research paper, “The Power of Integrated Services: New Outcomes from LISC’s Financial Opportunity Centers,” offers data-driven proof of the efficacy of LISC’s FOC and Bridges to Career Opportunities models in supporting people on their journeys to financial wellbeing.
As part of its 20-year partnership with LISC, State Farm has committed a new $4 million grant to help expand employment, revitalize commercial corridors, promote health and enhance community safety in 12 cities over the next two years. In addition, State Farm has set up a $10 million loan pool with LISC to assist small businesses and community nonprofits in Central Illinois and Chicago hit hard by Covid-19.
“It is time not only to invest more, but also invest differently, in the well-being of American workers, especially the significant pool of untapped talent that already exists,” said LISC CEO Maurice A. Jones and Citi EVP Ed Skyler in a joint op ed published in USA Today. They urge employers and nonprofits to look closely at the success of community-based Bridges to Career Opportunities programs as a model for helping unemployed and underemployed workers break down barriers to quality jobs, while helping businesses fill millions of open positions that they need for growth. Citi Foundation has partnered with LISC on a $10 million grant to fuel 40 Bridges programs across the country.
Community Services League (CSL) in Independence, MO is one of over 40 community-based partners nationwide implementing LISC’s Bridges to Career Opportunities model. Debby Laufer, CSL’s vice president of career services, reflects on what it takes to help unemployed and underemployed clients build their skills and find good paying jobs. She does so through the lens of one client, Zach P., who overcame a substance abuse problem to graduate from a CSL training program and get a job as a welder. This is just one of many success stories spurred by LISC’s partnership with Union Pacific.
A new $3 million grant from Ally Financial will help fuel homeownership and small businesses in four cities, advancing LISC’s work to support a broadly shared prosperity. “There is incredible talent in our communities,” said LISC CEO Maurice A. Jones, commenting on the importance of the Ally partnership. “The job to be done is to match that talent with incredible opportunity.”