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.
To fulfill our mission of catalyzing opportunity across the country, we are launching the LISC Rural Promise, a commitment to elevate our impact in rural America to 20 percent of our total over the next three years. The Rural Promise will build on 25 years of LISC's investment in and partnership-building with rural people and places. Now, we're taking it to the next level. We chose this week to launch our renewed effort in honor of Dr. Martin Luther King, Jr., whose movement for civil rights and racial equity was rooted in rural America, where extraordinary talent, communities, businesses and natural resources are poised today to fuel a competitive national economy.
LISC's CEO explains the how and why of the LISC Rural Promise, our organization-wide commitment to achieve 20 percent of our community development impact in rural America over the next three years.
When La Cocina Municipal Marketplace opens this coming spring in San Francisco’s Tenderloin, it will be the country’s first women-led food hall and and the first to take on the innovative role of serving up affordable, healthy food to longtime local residents (as well as to foodie visitors). It also provides manageable rents and business opportunities for the mostly women of color entrepreneurs who will be running the culinary show and who see food as a language connecting people, places and culture. Plus, with support from LISC, La Cocina has activated a long-vacant post office, transforming a former crime hot spot.
In a new white paper from LISC and the Urban Manufacturing Alliance, “All About the Jobs,” we describe eight mission-driven industrial projects and their financing models. All these projects are creating affordable space for small- and medium-sized manufacturers so they can bring benefits—good jobs, especially—to the surrounding community. But every project is unique: each uses a different set of subsidies and has built a distinct capital stack. And each mission-driven developer has a different story to tell about the long-term value of investing in industrial space. LISC is investing in projects like these all across the country. Here, we take a look at why it’s so important, and how it’s getting done, in New York City.