Economic Development
Opportunity as fuel for local economies
LISC’s economic development initiatives boost the health of neighborhoods by investing in the physical and social assets of a community. We support programs that cultivate entrepreneurship, attract new businesses, diversify the local retail mix and stimulate employment. We are committed to the development of jobs and enterprises in Detroit to ensure the right opportunities exist for businesses and residents to thrive.
LISC has financed
2.9 million sq. ft.
of commercial, retail, and community space.
Creating and retaining jobs, enhancing the tax base and overall quality of life are critical components of improving economic conditions and creating sustainable communities.
Our economic development work includes:
- implementing strategies to stimulate the local economy and to improve economic conditions
- support for commercial corridor revitalization including infrastructure and façade improvements to business, including coordination, marketing, and education support
- promoting financial literacy and stablity and linking participants to income support and job training through projects like the Greater Detroit Centers for Working Families
- Supporting the development and implementation of Community-centered Economic Inclusion (CCEI) Framework Studies in the following Detroit neighborhoods:
- Milwaukee Junction
- Southwest Detroit