LISC

Local Initiative Support Corporation’s Black Economic Development Fund Partners with The New Jersey “40 Acres and a Mule” Fund to Invest Up to $25M in New Jersey

Wednesday, October 20, 2021 - 1:46pm

LISC is one of the U.S.s largest Community Development Finance Institutions (CDFIs) investing in communities of opportunity across the country.

Key Points: 
  • LISC is one of the U.S.s largest Community Development Finance Institutions (CDFIs) investing in communities of opportunity across the country.
  • The partnership will amplify efforts to improve access to capital for Black businesses and strengthen economic opportunity for Black communities in New Jersey.
  • The BEDF is managed by the Local Initiatives Support Corporations Strategic Investments team and LISC Fund Management, LLC, a LISC affiliate.
  • The NJ FAM Fund will operate as a private investment vehicle with assistance from broad public support.

LISC collaborates with local developer to revitalize a commercial strip in Charlotte's Historic West End, with support from Knight Foundation

Tuesday, October 19, 2021 - 9:46pm

LISC used that capital to offer low-cost financing and technical assistance to Sankofa Development, the local minority developer that spearheaded the project.

Key Points: 
  • LISC used that capital to offer low-cost financing and technical assistance to Sankofa Development, the local minority developer that spearheaded the project.
  • We're thrilled to be able to support LISC with this project and future projects that positively contribute to the Historic West End."
  • Without support from the Knight Foundation and LISC Charlotte, this would not have been possible," said Ward.
  • LISC Charlotte's economic development strategy focuses on providing resources to minority developers for commercial projects, creating jobs, and supporting small business activity in our target neighborhood, Historic West End.

Amped Kitchens Addresses Chicago's Growing Need for Food Production Space

Thursday, October 14, 2021 - 1:48pm

Amped Kitchens began the $25 million renovation of the long-vacant Zenith factory at 5801 West Dickens Avenue in late 2019. This facility offers 64 private kitchens (from 150 square-feet to almost 2,000 square-feet). Each lease includes key amenities needed by growing food businesses: refrigerated, frozen, and dry storage -- as well as office space, meeting rooms, attended shipping docks, packing rooms, and an on-site USDA office. In addition, Amped Kitchen tenants have access to expedited government approvals and easier certification pathways, including organic and kosher. Amped's "plug-and-play" kitchen model offers tenants huge time and capital savings versus building their own space.

Key Points: 
  • Today, with partner Chicagoland Food & Beverage Network, Amped Kitchens will celebrate its diverse base of food makers and introduce the space to the Chicago food-making community.
  • Amped Kitchens began the $25 million renovation of the long-vacant Zenith factory at 5801 West Dickens Avenue in late 2019.
  • Amped Kitchens currently leases to established and fast growing food businesses including CPG companies, restaurants needing commissary/central kitchen space, meal subscription companies, and anyone looking for R&D or pilot production space.
  • This Chicago location is Amped Kitchens' third U.S. facility and its first outside of Los Angeles.

HubSpot Ventures Announces the Launch of New $100 Million Fund to Support Scaling Companies

Wednesday, October 13, 2021 - 1:00pm

Through this new fund, HubSpot will invest in more exceptional companies that are committed to helping their customers succeed.

Key Points: 
  • Through this new fund, HubSpot will invest in more exceptional companies that are committed to helping their customers succeed.
  • HubSpot Ventures formally launched in 2018 as a $30 million fund aimed at providing startups with the financial and educational resources needed to help them grow.
  • From revenue operations to ERP systems, these companies provide valuable tools for customers with a wide range of complex use cases.
  • HubSpot (NYSE: HUBS) is a leading customer relationship management (CRM) platform that provides software and support to help companies grow better.

Kandis Williams tapped to lead LISC Cleveland, drive ambitious community investment program

Tuesday, October 12, 2021 - 7:24pm

Kandis Williams, the new executive director of LISC Cleveland, brings more than 25 years of experience in community development finance to LISC's work.

Key Points: 
  • Kandis Williams, the new executive director of LISC Cleveland, brings more than 25 years of experience in community development finance to LISC's work.
  • Previously, she was vice president of community development lending with Citizens Bank, directing capital to affordable housing and community revitalization projects in Ohio and Western Pennsylvania.
  • Williams will lead those efforts going forward, while also hiring local staff and building new collaborations with nonprofits, business leaders and policymakers throughout the city.
  • Though the post of executive director is a new role for Williams, she is not new to LISC.

Zuniga named executive director of LISC Flint

Tuesday, October 5, 2021 - 9:48pm

FLINT, Mich., Oct. 5, 2021 /PRNewswire/ --The Local Initiatives Support Corporation (LISC) has named Juan Zuniga, a long-time local community leader, as the new executive director of LISC Flint to expand investments in housing, businesses, health and jobs and catalyze new opportunities for families.

Key Points: 
  • FLINT, Mich., Oct. 5, 2021 /PRNewswire/ --The Local Initiatives Support Corporation (LISC) has named Juan Zuniga, a long-time local community leader, as the new executive director of LISC Flint to expand investments in housing, businesses, health and jobs and catalyze new opportunities for families.
  • In addition to Flint, LISC also operates Michigan program offices in Detroit and Kalamazoo.
  • "In promoting Juan to executive director, we are not only elevating the experience of a strong local leader, but we are also reinforcing LISC's overarching commitment to Flint and to communities throughout Michigan," said Glover, who noted that LISC has already invested more than $39 million in Flint.
  • Since 2018, Zuniga has served as a senior program officer at LISC, where he has not only managed much of the day-to-day work of the Flint office, but also fueled extensive community and economic development plans and projects.

Capital Impact Partners Expands Equitable Development Initiative to Increase the Development Capacity of Developers of Color Across the San Francisco Bay Area

Wednesday, September 22, 2021 - 1:42pm

This initiative is modeled after the successful program that Capital Impact launched in Detroit in 2018, and expanded into the Washington Metro area in 2019.

Key Points: 
  • This initiative is modeled after the successful program that Capital Impact launched in Detroit in 2018, and expanded into the Washington Metro area in 2019.
  • As we are doing in Detroit and the Washington Metro area, our EDI program will begin to build a more equitable real estate development ecosystem here in the Bay Area."
  • A market analysis of the Bay Area region conducted by Capital Impact Partners further underscored the need for this program.
  • Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Austin, TX, Detroit, MI, New York, NY, and Oakland, CA.

AT&T Expands Efforts to Bridge the Digital Divide in Communities Across the Nation

Thursday, September 16, 2021 - 3:00pm

This expansion follows the announcement of the AT&T Connected Learning program in April, which is part of our three year $2 billion commitment to bridge the digital divide through efforts that promote broadband affordability, accessibility and adoption.

Key Points: 
  • This expansion follows the announcement of the AT&T Connected Learning program in April, which is part of our three year $2 billion commitment to bridge the digital divide through efforts that promote broadband affordability, accessibility and adoption.
  • Millions of students struggle with virtual learning, because of poor internet connections at home, lack of laptops or other devices, and poor digital literacy skills.
  • These gaps have been magnified by the COVID-19 pandemic that has forced millions of families to attend school and work remotely.
  • Together, we're investing the resources necessary to deliver the vital training and infrastructure needed to help bridge the digital divide for underserved communities across the country."

Why Community Solar Farms Are A New and Lucrative Revenue Opportunity For Solar Companies

Thursday, September 16, 2021 - 1:30pm

Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.

Key Points: 
  • Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.
  • The article continued: "Community solar also delivers community relations benefits by serving as a quiet, clean source of sustainable energy for the local area.
  • Landlords benefit from lower cost energy while positively contributing to the local community by extending the opportunity for lower cost energy to nearby energy users, who become subscribers to the solar energy output.
  • The number of subscribers who can be served varies based on the size of the system and from state to state based upon community solar qualification guidance.

Why Community Solar Farms Are A New and Lucrative Revenue Opportunity For Solar Companies

Thursday, September 16, 2021 - 1:30pm

Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.

Key Points: 
  • Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.
  • The article continued: "Community solar also delivers community relations benefits by serving as a quiet, clean source of sustainable energy for the local area.
  • Landlords benefit from lower cost energy while positively contributing to the local community by extending the opportunity for lower cost energy to nearby energy users, who become subscribers to the solar energy output.
  • The number of subscribers who can be served varies based on the size of the system and from state to state based upon community solar qualification guidance.