A neighborhood partnership
This op-ed piece, co-written by LISC Executive Director Mark Edwards, highlights the partnership between LISC and the city of Philadelphia to establish a $5M Non Profit Acquisition Pool.
7 Aug 2009 - Mark Edwards and Kevin Dow | Philadelphia Business Journal
It's often been said that neighborhoods are the linchpins of Philadelphia. For the city as a whole to thrive, our neighborhoods must remain strong. But when times get tough, even linchpins can become vulnerable.
To fortify neighborhood commercial corridors — which are the economic anchors of many low- to moderate-income neighborhoods — the city will team up with the nonprofit Local Initiatives Support Corp. (LISC) in a new $5 million partnership to establish the Non Profit Acquisition Pool. Under the arrangement, the city will contribute $2 million to the joint pool and LISC will contribute $3 million. Continued[+]...
> Go to the Philadelphia Business Journal article
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Article Type: News