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LISC Indianapolis has pioneered local economic development by investing over $190 million and leveraging $800 million over two decades. Their mission focuses on transforming distressed communities into vibrant neighborhoods through resident-led initiatives. Key principles include engaging communities, aligning resources, and investing in infrastructure. Programs like the Fountain Square revitalization and Near Eastside projects have driven significant improvements in quality of life for residents, blending economic development and social equity to create desirable places to live and thrive.
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Comprehensive Community Development In Indianapolis Aligning Partners for Transformation
Who is LISC? • LISC Nationally has invested $10 billion into 3,000 local economic development groups over 30 years. • Indianapolis LISC has invested over $190 Million, leveraging $800 Million over 20 years. • LISC Indianapolis helps resident-led, community-based development organizations transform distressed communities and neighborhoods into healthy ones – good places to live, do business, work and raise families
LISC Mission Outcomes • Core neighborhoods are desirable places to live, work, learn, and play • Residents of core neighborhoods participate fully in the regional economy • Core neighborhoods are integrated into the regional economy
Principles of Neighborhood Revitalization • Engage Neighborhood • Align Resources • Reinforce unique assets • Invest in Infrastructure • Integrate into Economic Development
Fountain Square: Incremental Transformation • Suburbanization/Interstate Damage • Community-led Revitalization over 20 years • Focused on commercial center assets • Created 1st QOL plan
Fountain Square Impact • Arts strategy attracted venues, restaurants, amenities • “White Elephants” become anchors • Commercial Center attracts residents • Revitalization “Equity” • Over $50 Million Invested slowly
Near East: Partners Accelerate Change • Shaped around Quality of Life Plan-Bottom-Up • Integrated approach • Internal/External Partnership • Civic Power of SuperBowl Legacy as magnet
Near Eastside By the Numbers: $150 Million + • 290 units of housing impacted • 2,610 working families received wealth building assistance • 25+ businesses recruited to East Tenth Business District • 595 students at School #14 connected to community resources • Urban farming, green alleyways, sunken gardens, greenhouses, potential LEED ND certification – all in St. Clair Place neighborhood within the Near Eastside X
Near Eastside Projects • Family Income and Wealth Building • Financial Opportunity Center at John H. Boner Center • Earned Income Tax Credit citywide VITA site hub • Bridges Out of Poverty Circles to build social capital for working families • Economic Development • FOCUS Commercial Revitalization Program • Clifford Corners mixed use building • Pogue’s Run Grocer Indy’s first food coop Forest Manor Park Brookside Park East 10th Street Commercial Corridor • Capital Investment • St. Clair Place Housing Development • Willard Park housing for youth aging out of foster care • The Commonwealth low- income housing in Englewood • Healthy Lifestyles • Re-use of public education facilities for public safety • Better Buildings energy efficiency grant program • People’s Health Center new facility HoTIF Area • Education • Near Eastside Legacy Center with education, fitness and wellness programs • Five schools with dedicated community- school coordinators • Paramount School of Excellence Willard Park X
Looking Ahead: Alignment • Encourage Pragmatic Planning • Build on Legacy Partnerships/Momentum • Link-in Other Initiatives • Create Efficiencies Across “Silos” • Leverage RebuildIndy • Core Neighborhoods as Base of Growth
Bill TaftExecutive Director, LISC Indianapoliswtaft@lisc.org (317) 454-8496