LISC is taking swift action in response to the coronavirus pandemic, to mitigate economic impact on residents in the hundreds of communities where we work. We are launching the LISC Rapid Relief and Resiliency Fund to assemble and deploy resources to our local partners, small businesses and residents who are being hit hardest. The Fund will deliver operating capital, emergency subsidies and IT support, as well as technical assistance, to keep our partners and their communities strong and functioning through this unprecedented situation.
An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of the COVID-19 pandemic. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. Verizon will highlight and bolster these efforts through their inaugural "Pay It Forward Live" online concert series.
This Black History Month, we are honoring the legacy of commerce and culture that Milwaukee’s historic African American neighborhood bequeathed to its future residents. A new generation of community leaders and entrepreneurs are channeling that drive and creativity and forging a vibrant Bronzeville for the 21st century.
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.”
This Giving Tuesday, we are reflecting on what we've accomplished in 2019 thanks to the support of our donors and partners. To that end, we're highlighting three key areas of our work: supporting entreprenuers, closing the skills gap and investing in safety and justice programs—all of which were made possible by our supporters' investments.