As part of its 20-year partnership with LISC, State Farm has committed a new $4 million grant to help expand employment, revitalize commercial corridors, promote health and enhance community safety in 12 cities over the next two years. In addition, State Farm has set up a $10 million loan pool with LISC to assist small businesses and community nonprofits in Central Illinois and Chicago hit hard by Covid-19.
A new $3 million grant from Ally Financial will help fuel homeownership and small businesses in four cities, advancing LISC’s work to support a broadly shared prosperity. “There is incredible talent in our communities,” said LISC CEO Maurice A. Jones, commenting on the importance of the Ally partnership. “The job to be done is to match that talent with incredible opportunity.”
Citizens Bank has announced funding to expand the impact of LISC Financial Opportunity Centers in three cities, fueling programs that help people train for jobs in growth industries and move from entry-level positions to career pathways. "By supporting these programs through the Citizens Charitable Foundation, Citizens is helping us create opportunities for more people to raise their standards of living—and, in the process, contribute to economic growth in their communities,” said Maurice A. Jones, LISC president and CEO.
One of the most powerful ways to spur economic opportunity is to bridge the skills gap facing millions of people across the country. That’s why Citi Foundation is making the single largest private investment in LISC’s “Bridges to Career Opportunities” program to equip unemployed and underemployed individuals with industry-specific skills for living wage jobs and careers. Two U.S. senators praise the effort to support workers, which dovetails with the Opportunity Zone legislation.
After four decades working across the country, LISC is putting down roots in Atlanta. It will be our 32nd local program and a vital step toward expanding our catalytic work throughout the South. Our initial investment in Atlanta will open three Financial Opportunity Centers to help local residents train for and find good jobs and build a more stable financial future. “Every community has talent” says LISC CEO Maurice A. Jones, “and we want to make sure every resident has access to opportunities to fully participate in the growing economy.” Let’s get started!