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.”[...]
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.
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.
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.
Synchrony Foundation awarded a $2 million grant to LISC to provide emergency relief to small businesses hit hard by the pandemic, especially minority- and women-owned businesses. This grant is part of a larger recovery program announced by Synchrony that also includes connecting small businesses to customizable digital tools and consulting expertise.
The Nielsen Foundation awarded a $1 million, three-year grant to LISC to support Black-owned small businesses impacted by Covid-19 shutdowns and recent social unrest. The funding will target historically disinvested neighborhoods in New York City, Chicago, Los Angeles, and the Twin Cities.