LISC Special Report: New Markets Support Company: Creating lasting change in struggling communities

Local Initiatives Support Corporation
Healthy communities have their own economic engines. Families shop at corner grocery stores. Office complexes bustle down the street from entertainment venues and recreational facilities. A range of local merchants provide goods and services, and create jobs. Together, they comprise vibrant commercial corridors that are a community’s economic backbone. And, as they thrive, they strengthen the citywide and regional economies to which they are so closely connected. But the same cannot be said in many low-income communities. Disinvestment and decay have left economic development efforts with little foothold. Entrepreneurs question the safety and business potential of the local market. Traditional lenders lament perceived financial risk.
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