Our Stories

MacKenzie Scott Makes Transformative $40M Gift to LISC

With the largest gift from an individual in LISC’s history, MacKenzie Scott is fueling transformative efforts to advance racial and economic justice and building a broadly shared prosperity throughout the country. Scott said organizations like LISC are “well-positioned to accelerate progress.”

7.24.2020 -

D.L. Eyewear, from Dan Levy of “Schitt’s Creek,” to Support LISC

Dan Levy, co-creator and star of the TV comedy Schitt’s Creek, announced that in connection with the relaunch of D.L. Eyewear, his unisex eyewear line, the company will support LISC in its efforts to help small businesses impacted by Covid-19.

7.24.2020 -

LISC Will Tap $50M NMTC Allocation to Help Narrow Gaps in Health and Wealth

The federal CDFI Fund recently announced a new round of New Markets Tax Credit allocations, including a $50 million award to LISC to fuel economic development, health and jobs. "New Markets Tax Credits help us fill capital gaps for women- and minority-owned businesses, rural communities and communities of color that are working to overcome long histories of discrimination,” noted LISC President and CEO Maurice A. Jones.

7.16.2020 -

Lowe’s Expands Small Business Support to $55M, Adds Focus on Rural Communities

This week, Lowe’s became the largest contributor to LISC’s Covid-19 small business relief efforts with $30 million in new funding for entrepreneurs of color and rural businesses as they navigate the coronavirus recession. The grant builds on Lowe’s previous $25 million commitment to LISC’s relief fund, with a particular focus on minority business owners, and will help owners sustain operations, protect jobs and prepare for recovery.

7.09.2020 -

$15 Million from Wells Fargo Will Ramp up LISC-Kiva Support for Vulnerable Small Businesses

Wells Fargo is granting $15 million to LISC to support small businesses reeling in the wake of the economic fallout from Covid. LISC will use the funds in a partnership with Kiva, the crowd-funding social impact platform, to get grants and low-cost loans to more than 2,800 entrepreneurs in urban and rural markets nationwide. The capital will be targeted at preventing further loss in revenue, sustaining employment and averting vacancies among vulnerable small business owners.