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 announced today that community organizations in seven cities across the country will receive grants totaling $150,000 to refurbish neighborhood basketball courts. The grants are part of the ESPN/LISC Home Court Program that provides nonprofit, neighborhood-based organizations with financing and technical assistance to improve the quality, safety and accessibility of local basketball courts in selected markets.
LISC has teamed up with Maestro Cares Foundation, Good Bunny Foundation and Cubs Charities to revive damaged Little League fields in Puerto Rico and, in the process, help revitalize communities still scarred from devastating 2017 hurricanes. Music icons Marc Anthony and Bad Bunny are leading the funding, with Chicago Cubs star Javier Báez and UNICEF USA joining the effort to restore these cultural hubs.
LISC and the Walton Family Foundation have launched a new grant program to help charter school operators open facilities in Opportunity Zones and other under-capitalized communities. Applications are available beginning October 1.