Stimulating local economic activity, which incorporates connecting
our targeted neighborhoods to the regional economy and beyond,
is another important goal. Working with community development
organizations, LISC has supported small businesses and commercial
corridor revitalization as well as larger scale retail projects that help
integrate these communities into the larger economy.
- The Commercial Markets Advisory Service (CMAS) formerly known as Center for Commercial Revitalization was established in 2006 to provide comprehensive economic and market development assistance and support to commercial districts and corridors, particularly in LISC local sites. CMAS features LISC MetroEdge, a powerful and unique market assessment tool developed by ShoreBank Advisory Services and refined by LISC. CMAS, through staff and nationally-recognized consultants with specialty skills in market analysis, strategic planning, real estate and other aspects of commercial revitalization, provides assistance to communities working to stimulate development and renewal of neighborhood commercial districts. CMAS works with eight Local LISC offices across the country to provide assistance to a multitude of commercial revitalization programs.
- LISC's New Markets Support Company helps community organizations attract new businesses to underserved neighborhoods through use of federal New Markets Tax Credits. The credits are designed as incentives for investors to support projects in communities that have a demonstrated need for additional business development.
- LISC MetroEdge is a retail market analysis package of products and services specially tailored for low-income communities. This package can be used to identify the untapped retail potential of neighborhoods or specific locations, and create the informational materials retailers, government agencies, and community groups need to promote business, employment, and shopping opportunities in emerging domestic markets.
