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.
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.
And we've got a lot to celebrate: $20 billion in total investments, record impact in 2018, a 20-year collaboration with the NFL Foundation, and the list goes on. At a gala event in New York City, LISC honors the indispensable work of our partner organizations and the two-decade service of our board chair, former Treasury Secretary Robert E. Rubin.
As we kick off 2019, LISC is continuing to grow its investments in economic opportunity and its on-the-ground presence in communities across the country. We unveiled a new program office in Charlotte this week that will spearhead $25 million in investments over the next few years—all designed to boost affordable housing, improve economic mobility and raise standards of living in North Carolina’s largest city. Long-time community leader Ralphine Caldwell has been named executive director to lead the effort.
LISC and State Farm expanded their long-time partnership this week with new funding to boost economic opportunities in 11 cities. "Millions of people are looking for opportunities to earn higher wages and build stronger futures for their families,” said Maurice Jones, LISC president and CEO. "Our partnership with State Farm is vital to advancing this important work.”