• News

Impact Lending for Local Small Businesses

We're thrilled to announce Impact Lending, an initiative between Northeastern University and LISC to help Boston small businesses access capital and connect to contract opportunities at Northeastern. Impact Lending will pour $6.5 million in loans and technical assistance into the small businesses that create jobs, drive economic growth, and add character to Boston's neighborhoods. Read about this innovative new program in the Boston Globe, and check out our own Kevin Boes on Boston Neighborhood Network News.


New support for local businesses

Northeastern University has teamed up with the Local Initiatives Support Corporation (LISC) on a program that will drive loans and university contract opportunities to small businesses in Boston—with a particular focus on women- and minority-owned enterprises in low-income neighborhoods. The initiative, called Impact Lending, will enable local entrepreneurs in nine zip codes near the university to secure loans at below-market interest rates so they can grow their businesses.

Northeastern has committed $2.5 million in seed funding, which supports a revolving loan fund of more than $6.5 million. The university is partnering with LISC, a national nonprofit that has invested $16 billion to revitalize distressed communities across the country, to make and manage the loans, which will range from $1,000 to $1 million. LISC considers Impact Lending a model for leveraging the buying power and community engagement of anchor institutions—one that could steer tens of millions of dollars in growth capital to underserved enterprises. 


Report: Fairmount Indigo Corridor Job Retention and Attraction

Increased prosperity in Greater Boston has not impacted all of the City of Boston’s neighborhoods equitably.  LISC Boston, The American City Coalition, and Initiative for a Competitive Inner City formed a working group to  examine how key commercial and industrial clusters in Newmarket and Readville can be strengthened and expanded to create jobs for Boston residents who need them most. In this report, we present our place-based recommendations to bring these economic gains to the 135,000 residents living in the Fairmount Indigo Corridor.


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Photo by Darlene DeVita Photography

Boston LISC Staff Blog

Boston LISC Staff members share their perspective on LISC's work, the community development world. and many other topics.

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Joe Kriesberg Receives Community Service Award Last night, I had the pleasure and honor of presenting Joe Kriesberg, President and CEO of the Massachusetts Association...
Better Buildings Challenge Kickoff at Powdermill Village Better Buildings Challenge Kickoff at Powdermill Village Michael Davis - December 8, 2014  Yesterday Peabody Properties held a tour of their energy retrofit project at Po...
Highlights from LISC/Bank of America’s Forum on Greening Affordable Housing Highlights from LISC/Bank of America’s Forum on Greening Affordable Housing On October 3rd LISC and Bank of America hosted a forum in Boston on “Greening Affordable Housing” that was...
“El Barrio Tours” Screening - Rebecca Schofield On Monday, August 18th, a group of over 60 Boston area residents came together to watch “El Barrio Tours: Gentrifi...
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