BofA Pumps Up Funds To Help Support Low-income Families, Attract Businesses To Areas In Need


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The Bank of America (BofA) Charitable Foundation has committed $3.75 million grant to the Local Initiatives Support Corporation (LISC).

The funds will help lift low-income families and drive businesses, in the hopes of transforming their struggling cities and rural communities across the country. These communities need better affordable housing and the funds will help its residents move forward from long histories of decline so that these areas become good places to live in again.


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Federal Programs Related to - Regional Economic Development

Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region of the United States.

Federal Programs Related to - Public, Society Benefit, General/Other

Programs that focus on promoting the effective functioning of government, public administration and public officials and support or provide services required for the effective functioning of society's infrastructure.

    Federal Programs Related to - Business Recruitment & Attraction

    Programs provide any of a wide variety of incentives to encourage new businesses and industries to locate in a particular community, to provide development and expansion opportunities for existing businesses, and to discourage existing businesses from leaving the area and relocating elsewhere.

    Attraction of Business; Business Recruitment; Empowerment Zones; Enterprise Zones; Industrial Park Development; Media Production Liaison Services




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