Latest News

The Good Jobs Fund

The Good Jobs Fund (GJF) is a new impact investment fund in partnership with Local Initiative Support Corporation (LISC), New Markets Support Company (NMSC), and anchor investor Morgan Stanley. Our mandate at GJF is to provide growth and transition capital to businesses that create jobs, revitalize local economies, and encourage business growth in low-income communities throughout the country. Our primary investment vehicle is mezzanine debt. We can also provide senior secured, other second lien and subordinated debt, and uni-tranche debt. In certain cases, we will consider a minority equity investment alongside our debt. 

Building Economies That Work for Everyone

In the Spring edition of the Economic Development Journal , Elizabeth Demetriou, National Director for Economic Development for LISC National and Emily Scott, Economic Development Program Officer for LISC Indianapolis discuss inclusive economic development through district revitalization. Using Indianapolis as a case study, this article highlights the impact of inclusive economic development on residents, business districts, and local businesses. Economic development practitioners can use this information to shape the economic development tools, programs, and policies in their cities to create inclusive prosperity for all.

LISC Facade and Property Improvement Program

LISC is excited to announce our invitation to submit applications for our city-wide round of façade grants. Applications will be due by 5pm on Friday, Aug. 9, 2019. Like in previous years, façade grants can reimburse up to 50% of the cost of exterior, front facing improvements to a commercial or industrial building. Awards range from $1,000 to $25,000.  Applicants are highly encouraged to seek support from the community development corporation that serves their area during the application process which will ultimately serve as an intermediary for the grant. Please review the full set of criteria and guidelines here. http://www.liscindianapolis.org/media/2019-Application.pdf If you … Continued

Browning to Develop Aequitas

The Twin Aire Neighbors are working with Browning, who is developing Aequitas – the new Professional Buildings to support the Community Justice Campus.  The initial drawings of the building have been reviewed by the neighbors who came up with some creative ideas to enhance the buildings.  The folks at Browning and CSO (the architects) are now incorporating those ideas into the design.  Once they are complete, we will send out the finished renderings.

2018 LISC Indianapolis Annual Report

We believe in partnering for change. In 2018, LISC Indianapolis partnered with over 200 organizations to forge resilient and inclusive communities of opportunity in Indianapolis. Thank you for your partnership in 2018. Below you will find LISC Indianapolis’ 2018 Annual Report, detailing how we continue to serve as the only city-wide organization focused specifically on neighborhood-based solutions for community development. This past year was a year of continued implementation and new beginnings. We continued to strategically invest in Livability, Opportunity, Vitality and Education in our partnering neighborhoods. We began implementation of two new Great Places 2020 plans, supported inclusive entrepreneurship through … Continued

COMMUNITY ORGANIZATIONS IN INDIANAPOLIS RECEIVE FUNDING THROUGH THE CITI FOUNDATION AND LISC TO HELP TRAIN WORKERS FOR GROWING JOB SECTORS

INDIANAPOLIS – The Citi Foundation and the Local Initiatives Support Corporation (LISC) today announced new funding through the Bridges to Career Opportunities initiative (Bridges) to help connect unemployed and underemployed residents in Indianapolis with quality jobs in growth industries. Four local nonprofits have been awarded a total of $700,000 to provide services that help job seekers increase their incomes, improve their credit, and raise their standards of living. Services include occupational skills training and career development, as well as personal finance coaching, continuing education courses (to strengthen math and reading skills), and resources to help job seekers secure child care … Continued

2019 Love Thy Neighborhood Awards Finalists Announced!

The 3rd Annual Love Thy Neighborhood Awards hosted by LISC Indianapolis will take place on Thursday, April 18, 2019 at the Indiana War Memorial. The event will start at 5 p.m. with a cocktail reception featuring heavy hors d’oeuvres and drinks provided by local entrepreneurs who have been impacted by LISC’s small business support. This will be followed with attendees moving into the beautiful auditorium space for the awards ceremony. This annual event will be glamorous, yet rooted in the authentic cultures of area neighborhoods. Tickets for this event are only $25 per person.   During the event, one project from each category … Continued

Upcoming Opportunities

Jan. 17: Flanner House Job Fair Jan. 18: Love Thy Neighborhood Award Submission Deadline at 11:59 PM Jan. 29: Prosperity Indiana 2019 Summit & Statehouse Day Feb. 5: Near Eastside Neighborhood Summit April 29: IHCDA Bridges Out of Poverty Workshop

Implementation Strategy for Great Places 2018-2020

The Great Places Steering Committee has led an outreach effort with funders, potential funders, and citywide/neighborhood implementation partners to develop key strategies and an implementation action plan to attract the funding and partnerships that will be needed to overcome key shared obstacles to making the Great Places plans a reality. We launched this new phase in December 2018 and we are moving rapidly into implementation of the collective work plan. Click here for up-to-date news on what is happening in the Great Places neighborhoods!

Mustang Ranch Undergoing Transformation Into Automotive Training Center 

Neighborhood development partners borrowed $55,000 from LISC Indianapolis to assist in acquiring the Mustang Ranch auto manufacturing facility, located at 3017 Doctor M.L.K. Jr St, and institute a training program initiative in the automotive technology field.

Funding Secured for KIPP Indy Legacy High School

LISC Indianapolis recently closed a $1.98M loan to KIPP Indy Legacy High School, 2255 Ralston Ave for charter school construction with plans to open and serve 125 students in 2020, with hopes to grow to 450 students by 2024. This school is a collaboration with Edna Martin Christian Center.

CICC is Largest Loan in LISC Indianapolis History

In December LISC Indianapolis closed on $4.1 M in construction financing to Teagan Development to renovate the Circle City Industrial Complex. This is the largest loan in Indianapolis LISC history and will transform the currently vacant southern portion of the building into multi-tenant commercial space with new retail, restaurant, and office space, and a one of a kind public “Maker’s Trail” through the building. Read more about this project in the Indianapolis Business Journal article here. 

Consortium Created to Link Investors with Opportunities

In November 2018,  LISC Indianapolis and numerous community partners launched the Opportunity Investment Consortium of Indiana, a program designed to accelerate the implementation of Opportunity Funds in Indiana, with a deal portal that matches investors to deals in Opportunity Zones while also matching deals to investment. Several opportunities have been submitted to the portal since the launch including mixed-use, multi-family, a hotel, brownfield redevelopment and more. The Consortium is attracting national recognition, check out this article in Affordable Housing Finance magazine. Want to get involved? Here are two opportunities: Join Prosperity Indiana for a half-day workshop following the 2019 Prosperity Indiana Summit to learn about how Opportunity Zones … Continued

Grain Selected as Tobias Leadership Fellow

LISC Indianapolis Executive Director, Tedd Grain, has been selected as a Tobias Leadership Fellow of the Randall L. Tobias Leadership Center in 2019. This year-long leadership program selects 15-20 fellows in Indiana and features experts from around the country who specialize in cutting-edge leadership principles and practices along with providing each Fellow with a professional coach who has a PhD in organizational and industrial psychology.

Inclusive Innovation Fellow Named

LISC Indianapolis is co-chairing with Central Indiana Community Foundation, the launch of an ongoing Inclusive Growth effort connected to Forward Cities, a national network focused on fostering inclusive innovation in partnering cities. This will create an ongoing forum for fostering Inclusive Growth in Indianapolis. Forward Cities has hired Kaliah Ligon as the two year Forward Cities Inclusive Innovation Fellow. Kaliah has served the Indianapolis community for the past ten years in several roles in grant-making, community building, outreach and organizing.