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.
LISC is ramping up its commitment to take on social determinants of health through a bold new partnership with Sentara Healthcare and the opening of a new full service office in Hampton Roads, Va. LISC and Sentara are each committing $50 million to the effort, which builds on the long-standing work of LISC’s Richmond office in order to expand economic opportunity throughout the Commonwealth.
LISC has named Geoff Jolley to lead its ambitious community investment plans in Kansas City. Jolley, who has spent decades working on the interests of local residents as both a policy expert and community leader, takes the helm of LISC Kansas City this month to oversee work on affordable housing, economic development, health, community safety and jobs.
This month, LISC opened its newest metro office in Upstate South Carolina. Long-time economic development leader Julie Franklin will bring her community development expertise honed in Greenville and Spartanburg to the role of executive director of the LISC Upstate SC program. The new office will focus on comprehensive, long-term investments in affordable housing, businesses and jobs. “As a whole, the Upstate is enjoying strong growth, but not everyone has been able to participate in our economic expansion,” said Franklin. “To succeed in a globally competitive marketplace, we need to build up our local talent, strengthen our neighborhoods and fuel a broadly shared prosperity that allows everyone to thrive.”
LISC has named a prominent local leader with decades of experience in state and local government to take the helm oft its Twin Cities program office. Peter McLaughlin, as the new executive director, will build on more than $700 million in LISC Twin Cities investments over the last 30 years as he leads new efforts to expand economic opportunity throughout Minneapolis and St. Paul.