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State Farm Gives LISC $4MM Grant, Supports Philadelphia and Eight Other Cities

February 21, 2012

LISC applauds the State Farm® commitment to build healthier communities

NEW YORK (February 21, 2012) /PRNewswire/ — A State Farm $4 million grant for 2012-2013 will fund Local Initiatives Support Corporation (LISC) programs and projects in nine communities, focusing on local business development, jobs, education and safety.

“State Farm is helping drive significant, lasting, quality-of-life changes for people and places that would otherwise be struggling to find options,” said Michael Rubinger, President and CEO of LISC. “In this economic climate, that help is invaluable.”

The two-year grant from State Farm will fund programs and projects in Chicago, Houston, Indianapolis, Milwaukee, Minneapolis/St. Paul, New York City, Philadelphia, Phoenix and the San Francisco Bay Area.

“Thousands of families all across the country face very real economic challenges,” said Mary Crego, Senior Vice President at State Farm. “It is why we remain committed to this work which helps to build safer, stronger and better educated neighborhoods.”

The new State Farm grant will support a wide range of programs, including:

  • development of Financial Opportunity Centers in Houston and Minneapolis, which help low-income families stabilize their financial circumstances and build assets,
  • commercial revitalization programs in Phoenix, Indianapolis, and the San Francisco Bay area designed to attract new businesses to disinvested areas and create jobs,
  • support for a Chicago summer basketball league that brings families and police together to reclaim gang-ridden streets,
  • assistance for an arts entrepreneurship program in Minneapolis for youth and emerging adult artists,
  • development of new community gardens and urban agriculture projects in partnership with neighborhood residents in Milwaukee,
  • workforce development programs in Philadelphia that combines on-the-job training with a community college education to offer medical field career paths, and
  • green initiatives in New York City that ensure families can take advantage of the lower energy costs and improved air quality that comes from green retrofits.

In fact, these kinds of core local issues are all interrelated, Rubinger said. “You can’t disconnect one from the other—they all underpin safe, strong, healthy neighborhoods where families can thrive, businesses can grow, and kids can learn and play. Stronger communities create opportunity. They bolster regional economies and support our broader national economic recovery. State Farm is helping drive and sustain that work.”

About LISC
LISC combines corporate, government and philanthropic resources to help nonprofit community development corporations revitalize distressed neighborhoods. Since 1980, LISC has raised $11.1 billion to build or rehab 277,000 affordable homes and develop 44 million square feet of retail, community and educational space nationwide. LISC support has leveraged nearly $33.9 billion in total development activity. For more information, visit www.lisc.org.

About State Farm®:
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts – more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.

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