In the pursuit of sustainable development and social equity, the Local Initiatives Support Corporation (LISC) exemplifies how targeted efforts can transform underserved communities. Since its inception in 1979, LISC has acted as a vital intermediary, connecting hard-to-reach public and private resources with underinvested areas. Their work aligns with global goals, particularly in fostering economic equality, environmental protection, and social justice, while championing sustainability and inclusive growth.
Bridging gaps through innovative solutions
LISC’s model emphasises collaboration, recognising that sustainable change emerges from partnerships between governments, foundations, corporations, and local communities. By providing loans, grants, and equity, LISC enables initiatives that address housing, education, health, and financial inclusion. Its efforts are grounded in systemic equity, supporting communities often excluded from traditional funding channels.
Statistics underline LISC’s transformative impact:
Over $240 million in emergency grants distributed during COVID-19 helped 95% of small businesses maintain operations.
80% of recipients were entrepreneurs of colour, and over half were women.
These figures highlight the organisation’s commitment to reducing inequality and fostering inclusive economic ecosystems.
Supporting small businesses for economic equality
Small businesses are integral to resilient communities, creating jobs and offering unique services. LISC addresses disparities in access to capital, focusing on businesses owned by people of colour, women, immigrants, and veterans. Through financial assistance and local partnerships, LISC enhances entrepreneurs' ability to succeed.
The organisation also prioritises cultural competence, empowering local business development organisations to provide tailored support. During the pandemic, LISC strengthened over 130 such organisations, most of which are BIPOC-led.
Beyond economic equality, LISC integrates sustainability into its operations, encouraging environmentally responsible urban planning and infrastructure development. Investments in affordable housing and green spaces contribute to environmental protection while improving community well-being.
A global society approach to systemic change
The Global Society’s emphasis on collaboration mirrors LISC’s philosophy. By addressing poverty and injustice through partnerships, LISC promotes the global goals of gender equality, justice and strong institutions, and climate action. Its anti-racist and equity-driven framework exemplifies how local initiatives can inspire global solutions.
The path ahead
LISC’s achievements demonstrate that targeted, community-driven interventions can achieve significant social, economic, and environmental outcomes. However, addressing systemic inequities requires sustained efforts and global collaboration. Organisations like LISC are at the forefront of this change, proving that a more inclusive and sustainable future is possible.
To learn more about global efforts toward sustainability and social justice, visit UN Global Goals or explore LISC’s initiatives at lisc.org.
By investing in communities, LISC underscores the transformative power of collective action. As the world confronts unprecedented challenges, organisations like LISC highlight the importance of aligning local action with global goals for a brighter future.
More information: https://www.lisc.org/
Image credits: https://unsplash.com/@quinoal