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.
Fewer than 2% of plumbers are women, but Anna Hall, the president of P&H Divine Plumbing in Chicago, is a barrier-breaking entrepreneur in the field. The first female plumber to work for the city’s Department of Water Management, Hall started her company to employ more people who looked like her and serve communities other contractors often avoided. Now, with an investment from LISC Fund Management’s Diverse Supplier Grant Initiative, sponsored by JPMorgan Chase, Hall is realizing her vision for growing Divine Plumbing. Meet her and learn more in the video below!
An article in Fortune highlights a $200 million investment from JPMorgan Chase to support small business and local community development funds. The funding has helped LISC Detroit, the Entrepreneurs of Color Fund (EOCF) and the Detroit Housing Fund create economic opportunities for thousands of Detroit residents. LISC senior vice president Tahirih Ziegler is quoted on the imperative of investing in affordable housing to protect against displacement in Detroit’s vulnerable communities.