$1.3M to help metro Detroit families with employment, debt
Crain's Detroit Business, May 1, 2014
Detroit Local Initiatives Support Corp. and United Way for Southeastern Michigan announced that they have funded $1.3 million to eight sites within the Greater Detroit Centers for Working Families network that provide services to families facing unemployment or low incomes.."
Effects of Minimum Wage Increases Extend Beyond the Law’s Reach
New York Times, September 29, 2016
Maurice A. Jones, Virginia's former secretary of commerce and trade, is the president and chief executive officer of the Local Initiatives Support Corporation, a nonprofit financial institution that supports urban and rural development in the United States.
How Credit-Card Debt Can Help the Poor
New York Times, February 11, 2014
"Last October, Jeffrey Shavers, a hotel maintenance worker in Chicago, took out an extremely unusual $300 loan. Shavers might have liked to use the money to visit his daughter, a college student in New Orleans, or to buy his 10-year-old son a new bike. But he couldn’t, because Shavers never actually saw the money. The cash went into a locked savings account that he couldn’t access. “It’s like an abstract $300,” he explained..."
April 28, 2014