New Markets Support Company (NMSC)
New Markets Support Company Announces New Name: Broadstreet
Since its founding in 2004, the New Markets Support Company has managed LISC's federal New Markets Tax Credit (NMTC) allocation—currently the largest in the country at $1.2 billion. Over the years, the affiliate has expanded and diversified its offerings to mission-driven investors, and now has a new name to reflect that growth and impact.
LISC Wins $40M in NMTCs to Fuel Economic Growth in Disinvested Communities
With its affiliate, New Markets Support Company (NMSC), LISC taps critical federal program to fuel businesses in underserved urban and rural communities.
Expanding Black Business Credit Initiative Closes $29M for the Black Vision Fund
A new loan fund, managed by LISC affiliate New Market Support Company, will provide long-term funds to CDFIs to in turn expand their lending to small businesses in underserved communities—with the goal of narrowing the racial wealth gap that plagues Black entrepreneurs.
LISC’s NMSC, Edwards Lifesciences Close $25 Million Fund to Support Economic Development in Racially Diverse and Underserved Communities
LISC’s New Markets Support Company (NMSC) has teamed up with Edwards Lifesciences on a new investment fund that addresses racial and socio-economic disparities—leveraging federal New Markets Tax Credits to fuel development, businesses and jobs in communities of color.
LISC Secures New Federal Funding to Drive Economic Opportunity
Three important new federal funding awards will help LISC build the capacity of community-based organizations, while also attracting tens of millions of dollars in private capital to small businesses and economic development projects. Taken as a whole, they illustrate the importance of connecting policy and program expertise to maximize community development resources and create more opportunities for families to thrive.
Taking the Opportunity: A Guide to NMTC and Opportunity Zones
A presentation hosted by the National Association of Development Organizations includes overviews on New Markets Tax Credits and Opportunity Zones, and looks ahead at how Opportunity Zones will be implemented, including prospectives from investors and regional development organizations.
Top 10 LISC Stories in 2016
If you wanted good news in 2016, you didn’t have to go any further than LISC’s new stories page. From January, when we announced $1.3 Billion of investments in our nation’s most vulnerable communities, to November’s #LISCLeads conference in Houston, we found stories of resilience and growth from throughout the country. As you sit back with a cup of cocoa (or something stronger) this holiday season, enjoy our most popular stories from this year.