Last year, LISC launched its newest subsidiary, the SBA-guaranteed lender immito, to scale our ability to reach and support underserved small businesses and help spur job growth across the country. Julie Huston, immito’s founding president, is a seasoned small business expert—in fact, she recently testified before Congress re: new budget proposals that would hamper small business entrepreneurs’ access to credit. We caught up with Huston at her base in Denver to learn more about immito, the economic and social power of small business, and why all this is so close to Huston’s heart.
In a blog post for Providence Business News, Jeanne Cola, director of LISC Rhode Island, stresses the role of calculated risk-taking when lending to promising community projects. It’s how LISC started—investing in people and places when no one else would—and it’s still paying off, as with the beautiful WaterFire arts center in Providence.
In a new occasional series, Chris Walker, LISC's director of research, will highlight studies that reflect and inform our work and that of the broader community development field. This month, he analyzes our new research on the value of credit-building loans, a financing tool that is helping low-income people build positive credit and make critical strides toward financial stability.
LISC has never, in 35 years of work, invested more in the future of low-income communities than it did in 2015. President & CEO Michael Rubinger begins his last year at LISC’s helm with a look at the organization's historic $1.3 billion in support for efforts that help Americans prosper.