Recent news on the Bay’s Future Fund (BFF) was big: Facebook pledged to make a $150 million investment into the Fund, which is managed by LISC. While the Facebook investment will significantly impact LISC’s ability, along with our partners, to reach our goal of raising $500 million for the BFF–the largest fund created by LISC to date–we mustn’t lose sight of the fact that our ambition is not as much connected to the size of the BFF as it is to its impact. And that impact is squarely centered on equitable development. In the Bay Area, that means addressing displacement of communities of color and low income residents.Read the Story
Chicago, like so many cities in the U.S., has jobs that need filling, and would-be workers who need the skills to build careers. A must-read article from Chicago’s WBEZ dives deep into how community organizations like the Jane Addams Resource Corp, our longtime partner and manager of a LISC-backed Bridges to Career Opportunities program, connect people with the technical and soft skills needed to land, and grow in, good, 21st-century manufacturing jobs.
Check out our top three reads covering the challenges and opportunities in American communities. This month, we’re thinking about how to best connect workers to manufacturing jobs, the positives of walkable cities, and the need for strong relationships between healthcare providers and communities.
As lawmakers in Providence confront a crisis in the state’s school system, LISC Rhode Island ED Jeanne Cola weighs in with an appeal to consider the comprehensive factors that contribute to students’ struggles, or successes—particularly housing. “As we look at bold ways to improve dismal test scores and address high absenteeism…now is the time to take a holistic approach and provide a consistent funding mechanism to add, or restore, stable and secure housing for Rhode Island residents,” she writes in an op-ed for The Providence Journal.
Did you hear what’s brewing in Chicago? Starbucks Coffee Company announced a $10 million investment to drive economic opportunity in the city’s underserved communities. The funds, which are slated to help finance more than 500 loans to support small businesses and create jobs, will be disbursed among four community lenders with expertise in those neighborhoods, and LISC Chicago is one. The investment “will deliver clear benefits to residents, while making our neighborhoods safer and stronger,” said LISC Chicago ED Meghan Harte.