When La Cocina Municipal Marketplace opens this coming spring in San Francisco’s Tenderloin, it will be the country’s first women-led food hall and and the first to take on the innovative role of serving up affordable, healthy food to longtime local residents (as well as to foodie visitors). It also provides manageable rents and business opportunities for the mostly women of color entrepreneurs who will be running the culinary show and who see food as a language connecting people, places and culture. Plus, with support from LISC, La Cocina has activated a long-vacant post office, transforming a former crime hot spot.
This Giving Tuesday, we are reflecting on what we've accomplished in 2019 thanks to the support of our donors and partners. To that end, we're highlighting three key areas of our work: supporting entreprenuers, closing the skills gap and investing in safety and justice programs—all of which were made possible by our supporters' investments.
Forget Thanksgiving and Black Friday (jk!): one of our favorite days of the year is Small Business Saturday, a time to shop local and take stock of the imperative role that entrepreneurs play in energizing community economies and cultures, creating jobs and fueling the country's economic engine as a whole. Read on to learn about how we've supported small businesses this year, and to check out some of our favorite small biz stories.
Thanks to a generous—and momentous—commitment of $150 million from Facebook, the innovative Bay’s Future Fund has nearly reached its $500 million goal in less than one year since its launch. Now, LISC will help put these dollars to work promoting affordable housing development in the San Francisco Bay Area.
Ensuring that Opportunity Zones investments benefit the people who live and work there was the crux of a recent roundtable led by LISC and the Federal Reserve Bank of New York. An article on Medium.com by LISC’s George Ashton III and the Fed’s Adrian Franco describes the insights—and important takeaways—from community and economic development leaders on the front lines of helping stakeholders shape Opportunity Zone activity in their areas.