State Farm® teams up with LISC to fund businesses, jobs, safety and health in 12 metro areasState Farm® teams up with LISC to fund businesses, jobs, safety and health in 12 metro areas

PR Newswire

BLOOMINGTON, Ill., May 4, 2020

Funding includes $10M in low-interest COVID-19 loans for businesses, nonprofits in Illinois

BLOOMINGTON, Ill., May 4, 2020 /PRNewswire/ — State Farm is expanding its 20-year relationship with the Local Initiatives Support Corporation (LISC), a national nonprofit community investment organization, with new funding to boost economic opportunity in vulnerable communities.

The commitment includes a $4 million national grant to LISC to expand employment, revitalize commercial corridors, promote health and enhance community safety in 12 cities over the next two years. In addition, State Farm has set up a $10 million loan