- Who We Are
- Our Priorities
- What We Offer
- Where We Work
Local Initiatives Support Corporation (LISC) Philadelphia is one of over 30 local programs of the nation’s largest community development support organization. Our mission is to help community residents create healthy and sustainable places of choice and opportunity – good places to live, work, raise children and conduct busines
To maximize impact, LISC leverages corporate, government, and philanthropic resources. To date, LISC Philadelphia has invested $482M (and leveraged over $1.5B) to build or preserve 8,765 affordable homes and develop 2.3M square feet of retail, community and educational space.
Across the nation, and here at home in Philly, the events of the past weeks have been devastating. The brutal and senseless murder of George Floyd, following the fatal shooting of Breonna Taylor; the righteous anger over police practices and systemic racism that led to their deaths, and many who preceded them; the charged confrontations ensuing theft and fire on neighborhood commercial corridors, have been soul-wrenching.
We bear witness to the devastation of anger-fueled theft and fire on our commercial corridors and the perhaps irreparable harm done to businesses owned by African-Americans, other people of color, immigrants and other local entrepreneurs who had invested their hearts and souls into their businesses. Let us call out by name the underlying causes of the suffering, death and devastation: structural racism, redlining, and systemic disinvestment. With its budget and Annual Action Plan, the City of Philadelphia must take the first steps in addressing inequitable policies and practices that have led to decades of injustice and the past weeks of devastation. In order to address inequity, the City’s Action Plan must affirmatively advance racial equity and must promote comprehensive community response.
Businesses are struggling and not all of them will survive. A third of small and midsize businesses that are closed because of the coronavirus pandemic don’t think they’ll reopen, according to a Facebook survey last month of 86,000 owners, managers, and employees. A Harvard Business School study in April found that nearly two-thirds of small businesses say they’ll likely have to close permanently by the end of the year if pandemic restrictions continue.