As small businesses suffer the economic impact of COVID-19, Truist and community partner LISC are working to bring resources to rural towns.
Blog
Culpeper, Virginia, resident beekeeper and small-business owner Felecia Chavez has had a difficult year. Her business lost 90% of its revenue. She couldn’t pay her employees. Her landlord raised her rent. And she contracted COVID-19.
As rural U.S. towns continue to struggle with basic connectivity, our community partner LISC is boosting signals for first responders and families in their communities.
Blog
Imagine you’re a volunteer first responder, tasked with answering a late-night call for help. Far from the nearest hospital, your GPS goes in and out as you careen through the backcountry roads. You approach the scene and your signal drops. You’re now alone in the dark.
For many first responders in rural communities, this scenario is just part of the job. Too many communities still lack access to mobile broadband, and in the case of an emergency, it can be a matter of life or death.
CINCINNATI, September 15, 2020 /3BL Media/ — Fifth Third Bank, National Association, today announced an exciting new $1.2 million program called Innovation meets Main Street: Boosting Black Women-Owned Businesses, a partnership between AEO and LISC powered by Fifth Third Bank.
This content was originally posted by, and on, LISC.org, August 2020.
The COVID-19 pandemic has not only illuminated the magnitude of the racial health and wealth gaps across the country, but has also shone a spotlight on the additional hurdles that rural communities face in comparison to their urban counterparts due to limited access to capital, support services, and connectivity.
The company donates all processing fees from Paycheck Protection Program to nonprofits helping entrepreneurs, minority-owned businesses
Press Release
SAN FRANCISCO, July 9, 2020 /3BL Media/ – Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled today the details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic keep their doors open, retain employees, and rebuild.
Wells Fargo’s new Financial Capability Grant program will help two nonprofits provide financial empowerment programs to the residents in several communities.
Blog
Toncé Jackson was at a low point four years ago. In Chicago’s Cook County Jail for a fourth time, she was struggling with substance abuse, had no job, a limited education, terrible credit, and was burdened with debt — she didn’t even have a bank account. Caught in a painful cycle that was destroying her family, she resolved to change.
“I wanted to start my life over,” said Jackson. “I just needed a little help with my beginning.”
NEW YORK, June 3, 2014 /3BL Media/ — In a move to help lift more families out of poverty, two longtime community development partners are driving new resources into troubled neighborhoods to revive deserted commercial corridors, build affordable homes and create jobs where they are needed most.
A $3.75 million grant from the Bank of America Charitable Foundation to the Local Initiatives Support Corporation (LISC) will help low-income people transform their struggling cities and rural communities into places that thrive.
MetLife Foundation recently awarded LISC with a $2.25 million grant in support of LISC's efforts to develop long-term financial stability for low-income families
Summary:
MetLife Foundation recently awarded Local Initiatives Support Corporation (LISC) with a $2.25 million grant to support LISC’s 71 Financial Opportunity Centers (FOC) in their efforts to develop long-term financial stability for low-income families. The centers work with families to manage debt, find jobs, create household budgets, and get access to public benefits. The grant is part of MetLife’s five-year, $200 million commitment to financial inclusion.
Specifically, MetLife is partnering with LISC to launch a pilot program, Twin Accounts, which will focus on assisting low-income families in building their credit scores. According to LISC, an improved credit score is one of the most important steps in helping families to improve finances. It also helps provide better access to rental housing, lower insurance rates and expanded job opportunities.
MetLife Foundation recently awarded Local Initiatives Support Corporation (LISC) with a $2.25 million grant to support LISC’s 71 Financial Opportunity Centers (FOC) in their efforts to develop long-term financial stability for low-income families. The centers work with families to manage debt, find jobs, create household budgets, and get access to public benefits. The grant is part of MetLife’s five-year, $200 million commitment to financial inclusion.
Specifically, MetLife is partnering with LISC to launch a pilot program, Twin Accounts, which will focus on assisting low-income families in building their credit scores. According to LISC, an improved credit score is one of the most important steps in helping families to improve finances. It also helps provide better access to rental housing, lower insurance rates and expanded job opportunities.
