Stories
Vision Quest: This Can-Do Indianapolis Company Is Growing its Business—and a Healthier, More Diverse Supply Chain
Quest Safety Products, a small, minority-owned distributor and maker of personal protective equipment and other safety products, has a 27-year track record of meeting customer needs. Now growth capital from the Abbott-LISC Initiative to Support Diverse Businesses in Health is helping CEO Sam Yadav realize an expansion, boosting resiliency in a supply chain that’s vital to us all.
LISC + Uber: Breaking Down Transportation Barriers to Health and Wellbeing
LISC’s Health Access Fund is helping people who face barriers to transportation get to and from the places that contribute to their health and wellbeing by providing free access to non-emergency medical transportation in partnership with Uber. To date, 23 organizations supported by the Health Access Fund have booked close to 320,000 Uber rides for people in 23 states. Learn more about the individuals and organizations impacted by our work together.
Helping More People Get the Mental Health Care They Need
After a student’s tragic death, former teacher Elizabeth Alegría founded Gramercy Specialty Clinic, a Texas-based behavioral healthcare organization focused on serving diverse populations and addressing mental health barriers in Latino communities. With a $150,000 investment from the Abbott-LISC Initiative to Support Diverse Businesses in Health, Alegría is expanding Gramercy’s virtual services and developing a technology app to scale the organization across several states.
LISC To Deploy $6.25M from CDFI Fund to Expand Access to Healthy Food, Fuel Infill Development
The CDFI Fund announced $408M in funding for 357 CDFIs to provide financial products and services for underserved individuals and communities
Consulting Firm’s Efforts to Deliver New Therapies to Patients Faster is Bolstered by LISC
Jeanette Towles founded Synterex, a clinical and regulatory consulting firm, to help life science companies deliver new therapies to patients faster. When she hit capital roadblocks as she worked to grow her business, LISC stepped in to help. Learn how $1 million in affordable capital from the Abbott-LISC Initiative to Support Diverse Businesses in Health is helping Towles develop an artificial intelligence tool that will fuel Synterex’s growth.
LISC Awarded $65M in New Markets Tax Credits
The CDFI Fund announced New Markets Tax Credit (NMTC) awards to 104 organizations today, including a $65 million allocation for LISC, the largest amount allocated to recipient groups. It brings LISC’s total NMTC awards to nearly $1.3 billion, which we have leveraged to fuel the development of retail, manufacturing, health care, childcare, and education facilities in under-resourced communities. LISC’s NMTC work is managed by its affiliate, Broadstreet Impact Services, a community investor and fund services firm focused social and economic impact across the country.