State Farm Awards Second $8 Million Grant to LISC

State Farm has renewed its commitment to the revitalization of economically distressed neighborhoods by making a second $8 Million dollar grant to LISC. The first grant, along with $17 Million in loan funds, was made in 2000.

Increasingly pleased with the results from their first investment, they are continuing their partnership for the benefit of neighborhoods in Washington, DC and 14 other LISC sites.

In Washington DC, the LISC and State Farm partnership has resulted in quality, accessible pediatric health care, the blueprint for the reuse of a neighborhood landmark, the creation of jobs and the attraction of national retailers to the city’s neighborhoods.

With the construction of Plaza 8, a 3 story office complex in the Congress Heights neighborhood, East of the River CDC now owns its headquarters and is landlord to the Children’s Hospital Pediatric Center, the first pediatric care in this neighborhood.

Across the street from Plaza 8 stands the long vacant Old Congress Heights Elementary School. Through a LISC/State Farm sponsored Neighborhood Charette, East of the River CDC facilitated the community’s decision to redevelop this landmark as a job training center and office/retail complex.

This partnership is helping Manna CDC acquire and develop a parcel of land that will bring national retailers, hence jobs and good and services to the Brentwood neighborhood.

In the Shaw neighborhood Manna CDC, in August, 2004, will open a Maggie Moos ice cream franchise that will initially create 7 to 10 jobs and continue to invigorate the historic U Street corridor.

We are grateful to State Farm for their continued support in the ongoing work of LISC and our nonprofit partners.