In a lively Q&A with Tony Lawson, co-founder of ShoppeBlack, LISC's CEO Maurice A. Jones talks about the many levels of impact that investing in black-owned small businesses can have on our country's wellbeing. The intentional effort that created the racial health and wealth gap can only be undone through intentional effort, he explains—a remedy that ultimately boosts everyone's standard of living.
The video interview below was originally published on ShoppeBlack:
Meet the man in charge of over $100M recently donated to Black-Owned Businesses and HBCU’s
The Local Initiatives Support Corporation (LISC) is a non-profit financial institution that provides capital to projects in low-income, disadvantaged, and underserved communities at affordable rates.
LISC supports community development initiatives in 35 cities and across 2,100 rural counties in 44 states. In 2018, they reported grants, loans, and investments totaling US$1.5 billion, leveraging $4.4 billion in total development and supporting over 700 partners across America.
They recently received $60 million from Lowe’s, $40 million from MacKenzie Scott (ex-wife of Jezz Bezos), and $25 million from Netflix.
We caught up with their CEO, Maurice Jones, to discuss what his organization does and what they plan to do with these funds.
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- This CEO is Behind Over $100M Allocated for Black-owned Businesses and HBCUs from Blavity News on Instagram