Local Initiatives Support Corporation

LISC reaches $100M milestone for Social Bond Program

Retrieved on: 
Tuesday, April 19, 2022
Foundation, Local Initiatives Support Corporation, Prospectus, DTC, SIPC, Organization, LISC, ESG, Education, Program, Sale, FDIC, Growth, RIAS, Review, Technology, Impact, S&P, NEW, Investment, Income, Sustainable Development Goals, Note, International Capital Market Association, Health, CDFI, Bank, Security (finance), Risk management

NEW YORK, April 19, 2022 /PRNewswire/ -- The Local Initiatives Support Corporation (LISC) announced today that it has raised $100 million from the sale of its Impact Notes to help refinance existing debt and finance investments in affordable housing, small businesses, health, community safety, education, and jobs—all focused on people and places not well-served by the traditional financial system.

Key Points: 
  • Travers stressed the importance of social investments to expanding economic opportunity and growth for underserved populations.
  • The Impact Notes program is the only debt offering from a community development financial institution (CDFI) that is investment grade-rated, publicly available, DTC-settled, and aligned with both the International Capital Market Association Social Bond Principles (SBPs) and the UN Sustainable Development Goals (SDGs).
  • The goal is to make it easier for investors to assess the value of the Impact Notes with regard to their social and financial goals.
  • LISC has been active in the capital markets since 2017, when it was the first CDFI to issue a publicly available bond, raising $100 million from institutional investors.

LPL Financial Releases 2022 Sustainability Report

Retrieved on: 
Tuesday, April 5, 2022
Sustainability reporting, The American College of Financial Services, RIA, Investment, Financial plan, Local Initiatives Support Corporation, GRI, Annual report, LISC, Financial services, ESG, SEC, Color, LPL, Communication, LPLA, Technology, Goal, American College, Nasdaq, Director of Communications (Office of the Prime Minister), GLOBE, LPL Financial, Sustainability Accounting Standards Board, Growth, Financial adviser, Renewable energy

CHARLOTTE, N.C., April 05, 2022 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the Company), the parent corporation of LPL Financial LLC,today announced the release of its 2022 Sustainability Report detailing the firms progress toward its environmental, social and governance (ESG) goals.

Key Points: 
  • CHARLOTTE, N.C., April 05, 2022 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the Company), the parent corporation of LPL Financial LLC,today announced the release of its 2022 Sustainability Report detailing the firms progress toward its environmental, social and governance (ESG) goals.
  • The 2022 Sustainability Report demonstrates LPLs commitment to its stakeholders including the approximately 20,000 financial advisors and the millions of clients they serve by disclosing the firms dedication and actions toward operating responsibility and ethically.
  • To read the full 2022 report, visit LPLs Sustainability Report .
  • Throughout this communication, the terms financial advisors and advisors are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.

Los Angeles Trail Blazer, Tunua Thrash-Ntuk, Steps in to Lead the Center by Lendistry

Retrieved on: 
Thursday, March 31, 2022
BA, Dream, Queensland Actors Equity Awards, Contract, Master, Leadership, Collective, Local Initiatives Support Corporation, Growth, Los Angeles Business Journal, LISC, Kimberly Kane, The Center, CEO, Senior, Master's degree, Center, Metrolink, Urban planning, Ecosystem, Small business, GLOBE, UC, Economic development, Solution, Thai Community Development Center, Education, University of California, Berkeley, MIT, Video game, Management

LOS ANGELES, March 31, 2022 (GLOBE NEWSWIRE) -- The Center by Lendistry ("The Center") announced today that Tunua Thrash-Ntuk will take the helm as the organization's inaugural CEO & President.

Key Points: 
  • LOS ANGELES, March 31, 2022 (GLOBE NEWSWIRE) -- The Center by Lendistry ("The Center") announced today that Tunua Thrash-Ntuk will take the helm as the organization's inaugural CEO & President.
  • Under Tunua's leadership, The Center will adopt a coordinated national strategy, expanding the nonprofit's footprint just as record numbers of small businesses are joining the marketplace.
  • She also intends to build out a stronger community development ecosystem of opportunity at the national level.
  • "We have worked with Tunua on multiple projects and seen her vast success," says Everett K. Sands, CEO of Lendistry.

JPMorgan Chase Launches Diverse Supplier Grant Initiative to Address Barriers to Opportunity for Underrepresented Businesses

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Thursday, March 24, 2022
Banking, Professional Services, Finance, Organization, Chase, Contract, JPMorgan Chase, Local Initiatives Support Corporation, NYSE, Compliance, City, Community development, LISC, Forgiveness, Color, Program, Community development financial institution, Health, Â, Government, Industry, JPM, Technology, J. P. Morgan, Business partner, Small business, Company, Economic development, Regulation Focused Psychotherapy for Children (RFP-C), CDFI, Insurance, Financial services, Holding company, Bank, JPMORGAN CHASE, LISC

JPMorgan Chase (NYSE: JPM) launched the Diverse Supplier Grant Initiative, a program aimed at providing Black-, Hispanic-, and Latino-owned businesses with the access to capital they need to secure corporate contracts.

Key Points: 
  • JPMorgan Chase (NYSE: JPM) launched the Diverse Supplier Grant Initiative, a program aimed at providing Black-, Hispanic-, and Latino-owned businesses with the access to capital they need to secure corporate contracts.
  • LISC will administer the initiative end-to-end and report on the impact of this capital assistance on participating businesses.
  • Far too many otherwise-qualified diverse businesses are prevented from securing contract opportunities due to the high cost of compliance, says Ted Archer, Global Head of Business Partner Diversity at JPMorgan Chase.
  • The Diverse Supplier Grant Initiative is structured to attract corporate donations, which JPMorgan Chase will match dollar-for-dollar.

Abbott and LISC Team Up to Address Diversity and Equity Gaps in the Healthcare Industry Supply Chain

Retrieved on: 
Wednesday, March 30, 2022
New York City Council Black, Latino and Asian (BLA) Caucus, Health equity, Face, Life, Organization, Population, United States Census Bureau, Veteran, Partnership, Contract, NEW, Gaps, Local Initiatives Support Corporation, STEM, Growth, NYSE, LISC, Color, Woman, Black, Global Alliance for Improved Nutrition, Small business, Center for Economic Studies (U.S. Census Bureau), Native, Disability, LGBTQ, Renewable energy, Bank, Health

ABBOTT PARK, Ill., and NEW YORK, March 30, 2022 /PRNewswire/ -- Abbott (NYSE: ABT) and the Local Initiatives Support Corporation (LISC) announced a $37.5 million initiative to provide diverse small businesses with the tailored growth capital, loans and support they need to compete, grow and create jobs. The initiative will support greater diversity in the healthcare industry by advancing a more inclusive supply chain for Abbott and other healthcare companies, while contributing to broader economic and health equity.

Key Points: 
  • The initiative will support greater diversity in the healthcare industry by advancing a more inclusive supply chain for Abbott and other healthcare companies, while contributing to broader economic and health equity.
  • The Abbott-LISC Initiative to Support Diverse Businesses in Health aims to break down barriers that prevent diverse small businesses from providing manufacturing and essential products in healthcare.
  • By providing targeted support, Abbott and LISC are working to build a stronger, more diverse healthcare supply chain, as well as healthier local economies and communities.
  • "This partnership is a shared investment in the future of our communities and the strength of our supply chains," said LISC CEO Lisa L. Glover.

Fontas Advisors Accelerates Growth with Opening of New Office in Sacramento, California

Retrieved on: 
Thursday, March 24, 2022
Lobbying, Accenture, Leadership, Google, Local Initiatives Support Corporation, IBM, University, Culture, LISC, SAS, Golden State, Grey, CEO, Government, Frank Jordan, Ecosystem, San Francisco Foundation, Intel, Politics, Creativity, Local government, Tax advisor, Public relations, Fonta Flora State Trail

SACRAMENTO, Calif., March 24, 2022 /PRNewswire/ -- Fontas Advisors, a leading boutique government affairs consultancy, today announced the opening of a new office in Sacramento, California. The Sacramento office builds upon the firm's existing presence in New York and New Jersey and strategically positions Fontas Advisors to serve clients across California to meet the growing demand for its innovative government affairs capabilities.

Key Points: 
  • "We are thrilled to extend our footprint to California as a critical next step in our growth strategy, allowing us to offer clients a bi-coastal approach," said George Fontas, Founder and CEO of Fontas Advisors.
  • With the opening of the new office, Tom Gray, a seasoned political affairs strategist with extensive experience across the California and New York markets, has joined the firm as Managing Director and Head of California.
  • "For Fontas Advisors, launching our California practice is an important step towards serving our clients in a Post-Covid global economy," said Tom Gray, Managing Director.
  • Read " Five Questions with Tom Gray " to learn more about Gray's perspectives on state and local government affairs and Fontas Advisors' expansion to California.

LISC's Black Economic Development Fund invests $122 million to support growth of Black-owned banks, businesses

Retrieved on: 
Thursday, March 17, 2022
Housing, Company, MIT Blackjack Team, Organization, McKinsey & Company, Carver Federal Savings Bank, Sale, Investment, Local Initiatives Support Corporation, NBA, Chicago Bulls, City, LISC, Savings bank, CEO, Health, Minority, Cleveland Clinic, LLC, Thermo Fisher Scientific, Aflac, HubSpot, Student, Dick's Sporting Goods, Wayfair, CDFI, Treasury, Renewable energy, Financial services, Bank, Costco, Square, Netflix, PayPal, Black

The $250 million fund includes investments from Netflix, Paypal, Square, HubSpot, Aflac, Costco, Dicks Sporting Goods, ThermoFisher Scientific, Wayfair, McKinsey & Company, and Dupont.

Key Points: 
  • The $250 million fund includes investments from Netflix, Paypal, Square, HubSpot, Aflac, Costco, Dicks Sporting Goods, ThermoFisher Scientific, Wayfair, McKinsey & Company, and Dupont.
  • To date, the fund has provided financing for real estate developers, high-impact community development projects and mission-driven lenders in 15 cities.
  • The Black Economic Development Fund (BEDF) is an impact investment fund built to address economic challenges in Black communities and to help close the racial wealth gap.
  • The BEDF is managed by the Local Initiatives Support Corporation (LISC) Strategic Investments team and LISC Fund Management, LLC, a LISC affiliate.

EXPANDING BLACK BUSINESS CREDIT INITIATIVE CLOSES $29M FOR THE BLACK VISION FUND

Retrieved on: 
Thursday, March 17, 2022
Wells Fargo, Local Initiatives Support Corporation, Growth, Community development, LISC, Community, Financial endowment, David and Lucile Packard Foundation, BVF, CEO, Community development financial institution, MEDA, Amalgamated Bank, Industry, EBBC, Community First Fund, NMSC, Income, CDFI, OFN, City, Bank, Black

CHICAGO, March 17, 2022 /PRNewswire/ -- The Expanding Black Business Credit network (EBBC) officially announced today the final close of its Black Vision Fund. The fund will lend long-term funds to six successful Community Development Financial Institutions (CDFIs) with long histories of inclusive investing in order to expand their lending activity to small businesses in underserved communities. A primary goal is to reduce the racial wealth gap that plagues the Black community.

Key Points: 
  • CHICAGO, March 17, 2022 /PRNewswire/ -- The Expanding Black Business Credit network ( EBBC ) officially announced today the final close of its Black Vision Fund .
  • Black Vision Fund's CDFI network servicing a variety of markets across the country includes MEDA, Community First Fund, City First Broadway Bank, Black Business Investment Fund, Hope Enterprise Corporation/Credit Union, and National Community Investment Fund.
  • All of these funders have contributed long-term, low-interest loan capital to the Black Vision Fund which will be on-lent to participating CDFIs.
  • "The CDFIs supported by the Black Vision Fund will provide vital capital that will accelerate the growth of Black-owned small businesses."

LISC, Amazon award fellowships to 10 minority developers to expand affordable housing, grow their local businesses

Retrieved on: 
Thursday, March 17, 2022
Housing, Public policy, Organization, Area studies, Local Initiatives Support Corporation, Fund, Business, LISC, Color, Program, Health, Employment, HEA, Industry, Engineering, Property management, Management, Amazon, Puget Sound

The goal of the program is to increase the number of real estate developers of color who focus on affordable housing and to accelerate these developments.

Key Points: 
  • The goal of the program is to increase the number of real estate developers of color who focus on affordable housing and to accelerate these developments.
  • The inaugural group of participants is a diverse mix of developers who are already creating and preserving affordable homes in the region.
  • With this new program they will receive formal real estate development training and workshops, mentorship, and access to financing.
  • "This is a remarkable group of talented, creative professionals who can lead transformative affordable housing efforts in our communities," said A.J.

Pretium Appoints Jocelyn Moore to Lead Corporate Affairs

Retrieved on: 
Thursday, February 3, 2022
Football, Local Initiatives Support Corporation, CEO, Public policy, Executive Committee, University, Economic policy of the Joe Biden administration, First Responder Network Authority, NFL, Finsbury, Woman, Housing, Norwest Venture Partners, Senate, DraftKings, AFL, Senior, First, Communication, Bachelor of Arts in Organizational Psychology, Multimedia, Public affairs, Senior advisor, National Football League, Education, Income, The Glover Park Group, Management, Symphonia: sum fluxae pretium spei

NEW YORK, Feb. 3, 2022 /PRNewswire/ --Pretium, a specialized investment firm with approximately $40 billion in assets, today announced the appointment of Jocelyn Moore as a Senior Managing Director to lead corporate affairs.

Key Points: 
  • NEW YORK, Feb. 3, 2022 /PRNewswire/ --Pretium, a specialized investment firm with approximately $40 billion in assets, today announced the appointment of Jocelyn Moore as a Senior Managing Director to lead corporate affairs.
  • Ms. Moore brings over two decades of corporate advisory, strategic communications, and public policy experience across multiple disciplines.
  • Previously, Ms. Moore was Executive Vice President of Communications and Public Affairs at the National Football League.
  • As the NFL's Chief Communications Officer, she was a member of the executive leadership team and oversaw corporate affairs at the 100-year-old professional sports league, including football communications, strategic communications, corporate communications, public policy and government affairs, and corporate social responsibility.