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Foot Locker is on a mission to advance health, wealth, and upward mobility within Black, Indigenous, and people of color (BIPOC) communities. The Foot Locker Foundation has teamed up with the Local Initiatives Support Corporation (LISC) to fund nonprofit community organizations empowering youth in BIPOC neighborhoods, according to a press release. The funding will come in the form of grants and will focus on continuing the athletic wear company’s mission to provide economic opportunity and racial equity for all.
Foot Locker Inc. and the Foot Locker Foundation have both teamed up to join forces with the Local Initiatives Support Corporation (LISC) in a partnership to launch a $3 million, multi-city program that aims to empower youth as well as Black, Indigenous, and people of color (BIPOC) communities over the next two years. According to a press release, the multi-million dollar program will operate across 12 metropolitan areas where the Foot Locker brand shows up largely in local communities — including Atlanta, Baltimore, Chicago, Dallas, Detroit, Houston, Los Angeles, Miami, New York, Oakland, Philadelphia and San Francisco. The Community Empowerment Program will distribute $20,000 grants to nonprofit organizations in these cities that prioritize serving underserved youth, as well as people of color, in an effort to bridge the gaps that exist in health, wealth, equality and opportunity throughout America. “Inspiring and empowering youth culture is at the core of who we are. We are...
The support for HBCUs and Black-led businesses has been at an all-time high this year, and more companies and entrepreneurs are stepping up to be reliable assets for funding. Recently, Maurice Jones — President and CEO of the Local Initiatives Support Corporation (LISC) — helped donate over $100 million to Black-owned businesses and HBCUs through public and private funding, Shoppe Black reports . So far, Jones and LISC have been able to source $25 million from Netflix, $60 million from Lowe’s, $40 million from Jeff Bezos’ ex-wife, MacKenzie Scott, Black Business reports . As stated by Jones, LISC is a community development finance organization that provides access to capital, grants, loans, equity investments, tax credit equity, affordable housing, and technical assistance to places like schools, healthcare centers, and organized groups. LISC uses their services to “catalyze opportunities with the real focus on underserved and communities of color.” According to Jones , LISC...