23 March 2018

Invest It > Leverage It > Lift Up Under-Invested Neighborhoods > Develop Skills of Talented People

Here In Mesa and Here in Arizona
There’s still much to do to foster economic opportunity
What is LISC Phoenix doing RIGHT HERE??

Link to National LISC Updates

Posted: 21 Mar 2018 09:00 PM PDT
Winter may be hanging on longer than expected (in some parts of the country), but at LISC, the month of March has blossomed like never before. In the last three weeks, we raised $68 million—from longstanding donors such as State Farm and Wells Fargo, through new partnerships with ProMedica, Union Pacific and the San Francisco Foundation, and with expanded public resources from the CDFI Fund and the city of Washington, DC. We’ll invest it. We’ll leverage it. We’ll use it to lift up underinvested neighborhoods and develop the skills of talented people in our neighborhoods. There’s still much to do to foster economic opportunity in our communities and we are grateful for this support, which helps us do the job. What a month it’s been. And we've still got a week to go!
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LISC Awarded CDFI Fund’s Largest Capital Magnet Fund Grant
The Treasury Department’s CDFI Fund announced a new round of Capital Magnet Fund grants to spur an expected $3.2 billion in affordable housing and economic development. LISC will use its $7.5 million award—the largest in this round of funding—to seed $150 million in development activity in urban and rural communities.
State Farm Announces $4 Million Grant to LISC
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.”
Wells Fargo Helps LISC Expand Financial Opportunity
LISC and Wells Fargo have a long history of collaboration on work to expand housing, economic development, health, safety and jobs. A new $2.5 million grant from the bank will help LISC expand Financial Opportunity Centers in 15 cities so they can reach more people with more services, and help people raise their incomes and overall standards of living.
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