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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.

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 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