Dealflow | May 7, 2018

LISC replicates local model to boost jobs and entrepreneurship in Atlanta

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 7 – The Local Initiatives Support Corporation has economic development initiatives in more than 30 places around the U.S., investing more than $1 billion a year. In Atlanta, its 32nd site, LISC will roll out Financial Opportunity Centers to provide coaching to help people find good jobs, boost earnings and savings, and improve their credit. LISC will partner with three nonprofits to help Atlanta’s diverse population take advantage of the region’s job growth.

  • Talent search… The Atlanta metro area added 55,000 new jobs and has 200,000 openings, including in healthcare, transportation and food services.
  • Corporate backing… LISC provided $270,000 to the three nonprofit partners. State Farm, MetLife and Wells Fargo provided support for the initiative.

“We want to make sure every resident has access to opportunities to fully participate in the growing economy,” said LISC’s Maurice Jones.