FY23 congressional community project funding local initiatives support corporation

The Small Business Administration Office of the Chief Operating Officer awarded a $1,260,000 Project Grant to the Local Initiatives Support Corporation (LISC), a national nonprofit community development organization, to support small business development and entrepreneurship initiatives in New York, NY. This funding is part of the Congressional Grants program (CFDA 59.059), which provides funding for programmatic and construction activities related to small business development and entrepreneurship.

LISC will utilize this grant to deliver a range of products and services to support inclusive, resilient communities of opportunity across America. This includes providing financing, development services, technical assistance, training, capacity building, and equity investments to support affordable housing, access to healthy foods, small businesses, and community facilities. LISC partners with local community organizations, Community Development Financial Institutions (CDFIs), housing agencies, municipalities, and other stakeholders to expand economic opportunities in underserved communities nationwide.