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Museums and Libraries Step-Up Efforts to Tackle Economic Distress in Poor Communities, Says New Report from IMLS and LISC

A new national report finds that many museums and libraries are leveraging their prominent local positions to help rebuild troubled neighborhoods, driving economic, educational and social efforts that help raise standards of living. Museums, Libraries, and Comprehensive Initiatives: A First Look at Emerging Experience, is part of a collaborative research effort by the Institute of Museum and Library Services and the Local Initiatives Support Corporation (LISC) examining the ways that museums and libraries are helping fuel successful comprehensive community revitalization efforts and offer best practices for other institutions to follow. Last week, the findings were used to launch a discussion … Continued

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Great Places 2020 Awarded $50,000 Partner for Places Grant

Great Places 2020 Awarded $50,000 Partner for Places Grant The City’s Office of Sustainability and Local Initiatives Support Corporation (LISC) announced today that Indy has been awarded a $50,000 grant through the Partners for Places project. The funding will support early action projects in the creation of three vibrant urban village centers in the city as part of the Great Places 2020 initiative. Partners for Places – a project of the Funders’ Network for Smart Growth and Livable Communities is a successful matching grant program that improves U.S. and Canadian communities by building partnerships between local government sustainability leaders and place-based … Continued

3D Parts Manufacturing Secures $5000 with Kiva Kip Loan

Congratulations to Kim of Indianapolis’ 3D Parts Manufacturing, LLC for raising 100 percent of his Kiva Zip loan. Seventy-two lenders helped Kim reach his $5,000 loan goal. 3D Parts Manufacturing was started in 2003 and is an additive manufacturing facility in downtown Indianapolis that uses 3D printing technology to produce parts for everything from jet engines, to medical devices, to masters for molds. It is currently the largest operator of 3D printing equipment in Indianapolis. Kiva Zip loans allow everyday people to support small businesses with 0% interest loans that enable them to access the capital they need to grow … Continued

Arts Council Fellow to Focus Efforts in Great Places 2020 Near West Neighborhood

The Arts Council of Indianapolis recently announced the first two recipients of the $100,000 Transformational Impact Fellowships. One of the recipients, Bryan Fonseca, will focus his work In the Near West neighborhoods of Haughville, Hawthorn, Stringtown and We Care. Currently, the area is devoid of any resident artistic company, performance space or museum or gallery. For his two-year fellowship, Fonseca will form a bilingual team to create a Mobile Cultural Center for creating and presenting theatre, dance and visual arts programs in these communities. In doing so, Fonseca will use the arts as a way to affect social change through civic … Continued

Indianapolis LISC 2015 – 2018 Strategic Plan

LISC helps neighbors build community. We seek to positively impact urban neighborhoods in Indianapolis and measure progress in three ways: direct LISC impact and leveraged investment collective impact neighborhood level impact To learn more about our mission over the next four years, check out our 2015 – 2018 Strategic Plan.

Great Places Visits

Last week, we wrapped up a series of visits to the first three Great Places: 38th and Illinois, Michigan and King, Washington and Oxford. Participants had a chance to meet neighbors, business owners, and community leaders – the movers and shakers of each great place. They saw firsthand the progress to make each place a vibrant cultural district in Indianapolis. If you missed a visit, contact LISC program associate Cari Morales today.      

Development on Tap: Equitable Innovation Economies

Does diversity lead to greater innovation? Building an Equitable Innovation Economy in Indianapolis Victor Rubin, Vice President for Research at PolicyLink, will present on the changing and increasingly diverse demographics of Indianapolis and how to create and foster an equitable innovation economy in Indianapolis. The Equitable Innovation Economy initiative seeks to address the growing income disparity and help cities capitalize on the growth in their innovation sectors to stimulate new product development and business formation, and capture the consequent job creation benefits in manufacturing. The program includes a panel discussion featuring: Kathy Souchet Downey, Latino Outreach Coordinator for Congressman Andre … Continued

Indianapolis LISC 2014 Annual Report

Building stronger, more vibrant neighborhoods takes a plan. In 2014, LISC Indianapolis continued implementation of its strategic plan spurring consistent growth in our neighborhoods and more opportunities for low-income families around Indy. Big results require significant investment, and LISC invested $6,609,427 into Indianapolis neighborhoods in 2014. We leveraged a further $22,381,725 in additional neighborhood investment, and assisted more than 30 community-based organizations in developing 628 units of housing and 290,835 square feet of commercial space.   We’re empowering neighborhood stakeholders to realize their dreams for their communities – focusing on outcomes that build on our history of success. And that … Continued

FOCUS on East Washington Street

  The East Washington Street Partnership is a collective effort to nurture sustainable economic development and revitalization along one of Indianapolis’ most essential commercial/industrial corridors. For over 100 years, the land at 3000 E. Washington Street (The Historic PR Mallory Building) has been special to the community. In the last several decades, the campus has been precluded from finding a more useful and sustainable future by unprecedented environmental contamination, dilapidated buildings which have outlived their usefulness, and disjointed ownerships The Near Eastside is one of Indianapolis LISC’s Quality of Life neighborhoods. Over the last five years LISC has invested more … Continued

McNamara Florist Returns to Indianapolis

The metropolitan area’s largest florist has purchased a vacant building in one of LISC’s Quality of Life neighborhoods on the Near Eastside and will move its headquarters back to Indianapolis next year. With the help of a Facade grant from LISC, McNamara Florist’s corporate headquarters will undergo extensive, environmentally-friendly renovations the $20,000 grant will be used to improve the exterior appearance of the building. Financing for the acquisition and construction was also provided by First Internet Bank and an SBA 504 loan, which was coordinated by Premier Capital Corporation. The building has been vacant for several years and this project … Continued

Indy Brownfield Accelerator Program

Indianapolis LISC’s Fostering Commercial Urban Strategies (FOCUS), Great Places 2020, and Reconnecting Our Waterways (ROW) created the Indy Brownfield Accelerator Program convening experts and industry leaders to expedite the redevelopment of city brownfields. The project provides technical assistance sessions with the ROW Economic Environmental Resource Panel which includes an attorney, environmental consultant, government brownfield redevelopment representative, and developer with brownfield experience. Those interested in developing a property, but are concerned it may be or is a brownfield, fill out the Indy Brownfield Accelerator RFI. The next Indy Brownfield Accelerator Forum is on Tuesday, July 28th, 2015 from 11:30am – 1:00pm in … Continued

Expanding Economic Stability Opportunities Forum

Reposted via the Federal Deposit Insurance Corporation. The Federal Deposit Insurance Corporation, Indiana Assets & Opportunity Network, Indiana Housing and Community Development Authority, and Local Initiatives Support Corporation (LISC) Indianapolis will host Expanding Economic Stability Opportunities Forum on Tuesday, July 21, 2015. This forum will explore strategies for increasing financial resilience among low- and moderate-income families. The Center for Enterprise Development will share steps for successful integration of financial capabilities into social services. These services include financial education, credit building and counseling, access to safe and affordable financial products, and free tax preparation.  Bankers will share examples of products that … Continued

Development on Tap: Remaking Indy

Entrepreneurs and the Makers Movement Ilana Preuss has spent nearly 20 years working with communities and businesses across the country helping them build strong places by adopting and implementing real estate and infrastructure development policies. These days, Preuss focuses on connecting small-scale manufacturing and maker industries to neighborhood redevelopment and real estate opportunities. Please join us on July 15th at the Platform to welcome Preuss who will be sharing her knowledge and experiences with the Makers Movement in Indianapolis. The program includes special remarks from Adam Thies, Director of the Department of Metropolitan Development, and Michael Huber, CEO of Indy … Continued

Southside Indy Begins Quality of Life Plan

The boundaries of productivity and progress on the Southside of Indianapolis have expanded through the unique partnership of Fifth Third Bank, Local Initiatives Support Corporation (LISC) and University of Indianapolis. These three entities have partnered to bring an extraordinary Quality of Life Plan to the south side of the city. The proposed focus area covers 4.25 square miles and is bounded by 1-65, I-465 and Raymond and Meridian streets. The area primarily includes University Heights, Gateway Community Alliance, South Village, Friends of Garfield Park and Garfield Park Neighborhood Association. LISC and UIndy are heavily involved in supporting this area’s Quality … Continued

City Celebrates Dedication of Central State Greens NFL Field

Central State Greens, a redevelopment project encompassing over 9 acres at the heart of the former Central State Hospital site, is made possible by a unique partnership between LISC Indianapolis, the City of Indianapolis, and Reverie Estates. Central State Hospital, created in 1827, once cared for nearly 3,000 patients on its 140 acre grounds. Funding cuts led to the hospital’s closure in 1994 and the site has been vacant and in deteriorating condition ever since. Its revitalization has been a centerpiece of the Near West neighborhood Quality of Life plan.   The development connects the Near West neighborhood and residents with students at IUPUI, an … Continued