LISC

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

Retrieved on: 
Wednesday, September 22, 2021
Partnership, Black, Urban Land Institute, White, Aeris, University, Mentorship, Program, Housing, Community development, Charles Allis House, Berkeley, Chan Zuckerberg Initiative, Hip house, City, Federally Qualified Health Center, Capital Impact Partners, Industry, Small business, Thought, Workforce, Multimedia, MI, CDC, CEO, African Americans, CA, Reflections, Leadership, Capital, UOP, Color, Future Fund, Solution, Frank Jordan, EDI, Acquisition, LISC, University of California, San Francisco, Bay, HIP, Organization, Ecosystem, Education, Community development financial institution, Ford Foundation, University of California, Housing Development Finance Corporation, Patient, S&P Global, Private law, Economic development, San Francisco Foundation, Renewable energy, Real estate, Management, Bank

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

Retrieved on: 
Thursday, September 16, 2021
Education, Access, Local Initiatives Support Corporation, Black, CEO, Computer, Dell OptiPlex, Technology, EBB, Homelessness, AT&T Communications, AT&T, Adoption, Dell Technologies, Wi-Fi, Digital divide, Dell, Public Library Association, AT, Supplier diversity, LISC, Association, City, Emergency broadband benefit, PLA, Environment, Solution, AT&T Communications Inc., Emergency shelter, Internet, COVID-19, Multimedia, Gaps, University, Khan Academy, AT&T U-verse, Parent, Mentorship, Time, Student, Internet service provider, Tutoring, Toy

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

Retrieved on: 
Thursday, September 16, 2021
Form 10-K, Designated activity company, Annual report, LISC, Regents of the University of California, HOPE, Solution, Commercial property, SunPower, Research, Histan, Forward-looking statement, New, Securities Exchange Act of 1934, Health, Private Securities Litigation Reform Act, University of California, Davis, Electric Bond and Share Company v. Securities and Exchange Commission, Solar energy, Solar energy use in rural Africa, News, NASDAQ, Common stock, Agriculture, NEWS, Acquisition, Security (finance), Investment, Hilltop Holdings Inc., Energy Independence and Security Act of 2007, PALM, Alignment, FNM, Local Initiatives Support Corporation, NOT, Efficiency, University, Technology, Electricity, FSLR, SunCommon, Marketing, Company, KMB, Securities Act of 1933, ANY, First Solar, NEVER, Renewable energy

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

Retrieved on: 
Thursday, September 16, 2021
Form 10-K, Designated activity company, Annual report, LISC, Regents of the University of California, HOPE, Solution, Commercial property, SunPower, Research, Histan, Forward-looking statement, New, Securities Exchange Act of 1934, Health, Private Securities Litigation Reform Act, University of California, Davis, Electric Bond and Share Company v. Securities and Exchange Commission, Solar energy, Solar energy use in rural Africa, News, NASDAQ, Common stock, Agriculture, NEWS, Acquisition, Security (finance), Investment, Hilltop Holdings Inc., Energy Independence and Security Act of 2007, PALM, Alignment, FNM, Local Initiatives Support Corporation, NOT, Efficiency, University, Technology, Electricity, FSLR, SunCommon, Marketing, Company, KMB, Securities Act of 1933, ANY, First Solar, NEVER, Renewable energy

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.

LPL Financial Foundation Forms Two New Partnerships to Encourage Equity in Our Industry and Communities

Retrieved on: 
Wednesday, September 15, 2021
Committee for Sustainable Retirement Incomes, Foundation, Local Initiatives Support Corporation, LGBTQ, Veteran, Risk, LPL Financial, Small business, LISC, Industry, Federal Reserve Bank, The American College of Financial Services, Financial services, Color, LPL, GLOBE, African Americans, Woman, American College, Financial adviser

The LPL Financial Foundation strives to support underserved communities, with an emphasis on supporting small businesses, in communities where access to capital is often limited.

Key Points: 
  • The LPL Financial Foundation strives to support underserved communities, with an emphasis on supporting small businesses, in communities where access to capital is often limited.
  • And the Foundation supports programs that promote a more diverse generation of financial professionals to strengthen the communities they represent, said LPL Financial Foundation President Tim Carter, senior vice president at LPL Financial, the major funder of LPL Financial Foundation.
  • The American College of Financial Services will use the Foundations grant to establish The LPL Financial Foundation Equity Scholars Program.
  • For more information about The LPL Financial Foundation, visit the LPL Community Involvement page .

Skrebutenas joins LISC to lead affordable housing work

Retrieved on: 
Monday, September 13, 2021
Local Initiatives Support Corporation, Housing, Quality of life, Columbia University, University, LISCON, Decision-making, Activism at Ohio Wesleyan University, Family, University of Connecticut School of Law, Health, Community, The arts, Roger Clinton Sr., White House, Economic development, LISC, Policy, Work, COVID-19, Rutgers University, Eviction, Community Renewal Tax Relief Act of 2000, CPC, Goal, Sale, Albany Convention Center, Management

NEW YORK, Sept. 13, 2021 /PRNewswire/ -- The Local Initiatives Support Corporation (LISC) has named Michael Skrebutenas, a long-time national affordable housing leader, as its new senior vice president for housing.

Key Points: 
  • NEW YORK, Sept. 13, 2021 /PRNewswire/ -- The Local Initiatives Support Corporation (LISC) has named Michael Skrebutenas, a long-time national affordable housing leader, as its new senior vice president for housing.
  • Skrebutenas will draw on his 25 years of experience to lead LISC's work investing in and advocating for quality rental and for-sale housing across the country.
  • He will work on key systemic and policy issues, help assemble vital housing capital, and oversee products and services to help LISC's community-based partners meet critical affordable housing goals.
  • Prior to his work at CPC, Skrebutenas was executive deputy commissioner/president at New York State Housing and Community Renewal.

Verizon small business survey finds growing optimism; security remains a top concern

Retrieved on: 
Wednesday, September 8, 2021

BASKING RIDGE, N.J., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Verizon Business today released findings from its third Small Business Recovery Survey, conducted by Morning Consult. With responses from 600 small and midsize businesses, the data shows that despite challenges such as labor and supply shortage constraints and heightened cybersecurity concerns, there is greater optimism among business owners, who are adopting technology to scale their businesses. Full results of the survey -- the third release in an ongoing series -- are available [here].

Key Points: 
  • Using technology to address labor shortage: 30% of small businesses are now using technology to compensate for a shortage of workers.
  • BASKING RIDGE, N.J., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Verizon Business today released findings from its third Small Business Recovery Survey , conducted by Morning Consult.
  • To celebrate National Small Business Week, Verizon Business is bringing back Small Business Days September 13-17th, where small and medium businesses can visit a participating store or book a virtual appointment at verizon.com/stores to access special discounts and jumpstart areas of their business including communications, connectivity, and security.
  • Earlier in 2021, Verizon committed $10 million to small business support through the nonprofit Local Initiatives Support Corporation (LISC), focusing on business owners in historically underserved communities.

Travers Named LISC CFO

Retrieved on: 
Wednesday, September 1, 2021
Travers, United States Department of the Treasury, Local Initiatives Support Corporation, Financial management, Health, CFO, Brooklyn, Executive, CEO, Organization, Work, LISC, CDFI, Management, Renewable energy

NEW YORK, Sept. 1, 2021 /PRNewswire/ --The Local Initiatives Support Corporation (LISC) today announced the appointment of Christina Travers, one of the country's leading experts in community development finance, as its new chief financial officer (CFO).

Key Points: 
  • NEW YORK, Sept. 1, 2021 /PRNewswire/ --The Local Initiatives Support Corporation (LISC) today announced the appointment of Christina Travers, one of the country's leading experts in community development finance, as its new chief financial officer (CFO).
  • "We are delighted to welcome Christina back to LISC, especially now, as we continue to help communities recover from the enormous impact of the pandemic," said Robert E. Rubin, LISC chair and former U.S. Treasury secretary.
  • In her previous roles with LISC, Travers served as treasurer and senior vice president of capital strategies.
  • "In many ways, I feel like I am coming home to LISC," Travers said.

National Equity Fund and Silicon Valley Bank Launch $110 Million Opportunity Zone Investment Fund to Create Affordable Housing in High-Rent California Districts

Retrieved on: 
Thursday, August 26, 2021
Industry, Valley Bank, IRS, San Francisco Bay Area, District, Silicon Valley Bank, Local Initiatives Support Corporation, Treasury, Equity, SIVB, Investment, Senior, U.S. Department of the Treasury, Office of Inspector General, Silicon, U.S. Department of Defense Strategy for Operating in Cyberspace, Homelessness, National Equity Fund, Inc., SAN, CEO, Housing, LISC, NEF, SVB, Renewable energy

LOS ANGELES and SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- Silicon Valley Bank (SVB) partnered with non-profit, tax credit syndicator, National Equity Fund (NEF), to commit $110,000,000 for affordable housing in Los Angeles and the Bay Area. Leveraging an innovative and deliberate use of Opportunity Zone incentives, the Silicon Valley Bank proprietary fund is committed to place all $110 million in Low-Income Housing Tax Credit deals before the end of 2021, despite having just funded earlier this month.

Key Points: 
  • "Silicon Valley Bank's thoughtful approach and willingness to be persistent and work through the complexity of such a high impact fund will result in one of the largest affordable housing investments using Opportunity Zone resources in the industry," Reilein continued.
  • As defined by the IRS, Opportunity Zone legislation was created tospur economic growth and job creation in low-income communities while providing tax benefits to investors.
  • National Equity Fund, Inc., based in Chicago, is a nonprofit affordable housing investor and one of the nation's largest syndicators of federal Low Income Housing Tax Credits.
  • For nearly 40 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast.

Scott G. Love named to lead LISC Louisville, drive investment plan to fuel economic opportunity, pandemic recovery, and racial justice

Retrieved on: 
Tuesday, August 24, 2021
Community service, Entré, Growth, Humana, Gaps, City, Love, Humanity, Local Initiatives Support Corporation, Health, BB, Habitat for Humanity, CEO, Work, Housing, LISC, Economic development, Management, Tourism

To lead the effort, LISChas tapped Scott G. Love as the inaugural executive director of LISC Louisville, the national nonprofit's 38th local program office .

Key Points: 
  • To lead the effort, LISChas tapped Scott G. Love as the inaugural executive director of LISC Louisville, the national nonprofit's 38th local program office .
  • Earlier, he spent 12 years at Louisville Forward, the city's economic development agency, helping drive a range of development programs, especially in communities often overlooked for investment.
  • And he worked for 11 years prior to that as a vice president at BB&T Bank (since renamed Truist), managing a significant commercial lending portfolio.
  • LISC is bringing national resources to the city in the form of grants, low-interest loans and equity investments.