Opportunity

Opportunity: Fostering entrepreneurship and employment
Efforts will focus on building human capital, supporting existing businesses and redeveloping commercial property for viable new businesses, which will require the deployment of capital and technical support to bolster neighborhood entrepreneurs.
Through coordinated investment in human capital, technical support, marketing and “shovel-ready” real estate, neighborhoods will retain and attract growing small businesses and larger enterprises that will create jobs. This will also entail redeveloping older industrial and commercial areas (often including brownfields) to meet the location needs of growing regional business sectors. Additionally, it will include retail- level enhancements that will offer essential goods and services in mixed-use places.
Opportunity Success Measures:

    LISC direct impact:

  • Small businesses assisted
  • Brownfields tested/remediated/redeveloped
  • Facades improved
  • Industrial and Commercial Square footage improved
  • Access to new capital for small business
  • Access to financial incentives
  • Collective impact:

  • Small businesses assisted
  • Brownfields tested/remediated/redeveloped
  • Facades improved
  • Industrial and Commercial Square footage improved
  • Access to new capital for small business
  • Access to financial incentives
  • New businesses opened/attracted
  • Jobs created
  • VBE, MBE or WBE businesses assisted, attracted or retained
  • Infrastructure improvements
  • Neighborhood level impact:

  • Change in commercial vacancy rate
  • Change in local employment rate
  • Percent of residents employed in their own neighborhood