A roundtable discussion with LISC CEO Maurice A. Jones and Verizon’s Chief Corporate Social Responsibility Officer Rose Stuckey Kirk, moderated by LISC board member and UVA business professor Greg Fairchild, delves into what it will take to get to economic equity for our country.
LISC's CEO Maurice A. Jones is quoted in a Wall Street Journal article on the challenges of ensuring PPP loans are accessible to entrepreneurs of color and those in underinvested communities. Data is a key to understanding who's benefiting, says Jones, and LISC's PPP program has targeted underserved borrowers who may not have traditional banking relationships.
In a conversation with The Business of Giving podcast, LISC CEO Maurice A. Jones outlines the pillars of LISC's rapid response to the coronavirus pandemic. Keeping small businesses in business, supporting tech needs in underinvested communities and stabilizing community organizations so they can provide relief to their clients—all are at the top of the list for immediate action, and to build strength and resiliency for the future.
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.
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.