Houston-based Laveer Logix recently received a $260,000 working capital loan from LISC to expand its capacity to serve federal agencies and fuel growth through new contracts. The loan was supported by the Abbott-LISC Initiative to Support Diverse Businesses in Health and the LISC Entrepreneurs of Color Fund supported by JPMorganChase.

Black-owned businesses face systemic barriers to accessing capital and credit. In honor of Black Business Month, we’re sharing our favorite stories about the entrepreneurs we’ve worked with and who have benefitted from the funding partnerships that help break down the obstacles to progress and success.

By Laura Jaramillo, Executive Director, LISC Houston

Laura Jaramillo, executive director of LISC Houston, has plenty of personal experience with her hometown’s extreme weather, and the struggles Houstonians, especially those living on low incomes, face as the climate crisis cranks up those weather events. In a personal blog, Jaramillo reflects on how, in all their work, her team and their partners have incorporated a focus on helping people build resiliency—in their financial lives, in their homes, and with their communities—and why it’s imperative we act collaboratively now.

Wells Fargo has committed a new $1 million, one-year grant to support LISC’s Financial Opportunity Center® network in under-resourced communities nationwide. In the last year alone, our partnership has helped pave a path to resilience and sustainable financial and career success for nearly 12,000 people. To celebrate this renewed support, we’re sharing our favorite stories about people touched by the Wells Fargo partnership.

“A Gateway for Possibilities”: Resident Leadership and Community Ownership

LISC's Institute for Community Power has published a new Spotlight examining three leadership development programs designed and implemented by LISC and local partners for distinct communities in different parts of the country: Training the Trainers (T4T) in Houston; the Newark Resident Leadership Academy (NRLA); and Community Connectors in Philadelphia. Each group has leveraged the leadership program to inform and strengthen their work and, in turn, to serve their communities more effectively.

Extreme weather events can cause devastating property damage and economic loss. With a $500,000 grant from The Allstate Foundation, LISC will help six Houston nonprofit organizations better manage the impact of natural disasters on vulnerable communities—and help protect the regional economy in the process.