LISC recently received $60M from Lowe’s, $40M from MacKenzie Scott (Jezz Bezos ex-wife), and $25M from Netflix. Find out their CEO’s plan to empower Black-owned businesses, Black farmers, and HBCU’s.
The Local Initiatives Support Corporation (LISC)is a non-profit CDFI that provides capital to projects in low-income, disadvantaged, and underserved communities at affordable rates. LISC supports community development initiatives in 35 cities and across 2,100 rural counties in 44 states.
In 2018, LISC reported grants, loans, and investments totaling US$1.5 billion, leveraging $4.4 billion in total development and supporting over 700 partners across America.
Recently, they have received over $100M in private and public funding dedicated to empowering Black business owners and HBCU’s.
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