BY THE NUMBERS
In 2021, LISC Toledo invested more than $11.2 million to support small businesses, build and preserve affordable housing, redevelop community spaces, connect residents to quality jobs, and increase wealth, particularly for families of color. That investment included:
$3.1 million
in grants
$200,000
in loans to small businesses
$8 million
in equity
$23.3 million
leveraged
affordable homes and apartments preserved
square feet of commercial space reactivated
2021 HIGHLIGHTS
LISC Toledo works with residents and partners to forge resilient and inclusive communities that are great places to live, work, visit, do business, and raise families. We focus on comprehensive community development strategies that incorporate small business/economic development, family income and wealth building, community engagement, and housing. To learn more about LISC’s model, click here.
NEW PROGRAM SPOTLIGHT
Ohio to Work
In 2021, LISC Toledo joined a new workforce development partnership with Jobs Ohio and the Regional Growth Partnership. The Ohio to Work Initiative is powered by the LISC Toledo Financial Opportunity Center network and educational training providers to meet the workforce needs of employer partners in the region. The initiative provides training, credentialing, coaching, and other supports to job seekers to connect them with living-wage jobs in growing sectors, such as healthcare, technology, and manufacturing.
To date, the Toledo region of the Ohio to Work Initiative has:
- Engaged more than 2,200 clients in coaching and wrap-around services; nearly 80% of the clients engaged are persons of color and over 60% are women
- Enrolled nearly 500 clients in job training
- Connected over 300 clients to quality jobs
PROGRAM UPDATE
Small Business
LISC supports small businesses in Toledo by providing financing and technical assistance directly, and by supporting business development organizations (BDOs). During 2021, LISC Toledo and our partners assisted more than 600 small businesses.
In 2021, LISC Toledo provided $125,000 in relief grants directly to small businesses. This brought the total for the grant program to more than $850,000 given to 92 Toledo-area small businesses, two-thirds of them owned by women and nearly 85% owned by individuals of color.
A $200,000 loan supported the rehabilitation of a former umbrella factory on Summit Street into a coworking and event space. Tolhouse formally opened in October 2021.
LISC Toledo was one of six LISC markets chosen to receive funds from the Small Business Administration to support the growth of business development organizations (BDOs) in the city. The approximately $1.6 million, two-year grant will enable five BDO partners to assist more than 900 small businesses in accessing capital and receiving training to sustain and grow their businesses.
PROGRAM UPDATE
Family Income & Wealth Building
LISC supports programs that help Toledoans access good jobs, increase income, and build wealth to close the racial health, wealth, and opportunity gaps.
In 2021, Toledo Financial Opportunity Centers (FOCs) served a total of 3,092 clients.
1,447 Volunteer Income Tax Assistance (VITA) clients received federal refunds totaling more than $2 million.
Of the 1,124 FOC clients receiving at least two out of three integrated services (financial coaching, employment coaching, and income supports):
- 80% achieved at least one key financial outcome
- 36% increased their credit score by an average of 58 points
- 45% increased net monthly income by an average of $1,190
- 47% increased net worth
Additionally, 114 Bridges to Career Opportunities (BCO) clients received a State-Tested Nurse’s Assistant (STNA) or Certified Production Worker (CPW) credential. The average starting hourly wage for BCO clients connected to jobs was $16.25.
PROGRAM UPDATE
Community Engagement
LISC’s work is based on a community-driven model and aims to lift up the next generation of community development professionals and resident leaders.
In 2021, LISC Toledo AmeriCorps members served nearly 9,000 hours in the community. The AmeriCorps members engaged 375 volunteers who, in turn, offered more than 800 hours in service to their community.
PROGRAM UPDATE
Housing
LISC works with partners to create & preserve affordable housing for low- and moderate-income families, to ensure Toledo families have healthy & safe places to live, and to support them as they build intergenerational wealth through homeownership.
In 2021, LISC Toledo sold 47 YR 16 homes to buyers who had been renting the homes for an average of over 10 years. Seven Core City homes were completed and sold to families with an average annual household income of $33,000.
2021 SUPPORTERS
The Andersons, Inc.
Board of Lucas County Commissioners
Buckeye Broadband
Citizens Bank
City of Toledo
Cleveland Cliffs
Corporation for National and Community Service
Dean Dickerson
Kim Cutcher
Enterprise Community Partners
Fifth Third
First Energy/Toledo Edison
General Motors
Georgia State University
Greater Toledo Community Foundation
Huntington National Bank
JupMode
KeyBank
Lathrop-Turner Construction
Louisville Title Agency
Lucas County Job and Family Services
Lucas Metropolitan Housing
Tom Manahan
Mannik & Smith
Marshall & Melhorn
Martin + Wood Appraisal Group
Mercy Health Partners
MetLife Foundation
National Equity Fund
Chad Olson
Ohio Capital Impact Corporation
Owens Corning Foundation
Tom & Susan Palmer
Peloton
Chris Pettitt
PNC
Premier Bank
ProMedica
Shayne Rose
Rudolph/Libbe
Signature Bank
Terhune Memorial Fund
Toledo Lucas County Port Authority
Toledo Mud Hens
Toledo Museum of Art
Toledo Refining Company
Toledo Regional Chamber of Commerce
United Way of Greater Toledo
U.S. Department of Housing & Urban Development
Waterford Bank
Jim White
OUR LOCAL ADVISORY BOARD
Joseph Napoli (Chair) Toledo Mud Hens and Toledo Walleye
Stephanie Cousino (Vice Chair) PNC Financial Services Group
Meg Adams FirstEnergy
Rick Avery Owens Corning
Megan Vahey Casiere Board of Lucas County Commissioners
Gary Cates ProMedica Health Systems
Chris Fox Key Bank
Ebonie Jackson Lucas County Children Services
Ndeda Letson Citizens Bank
Thomas J. Manahan, Jr. The Lathrop Company
Thomas W. Palmer Marshall & Melhorn
Rita Russell Huntington National Bank
Matt Sapara Mercy St. Vincent Medical Center
Reginald Temple Premier Bank
Joaquin Cintron Vega Lucas Metropolitan Housing
Keith Wilkowski Block Communications, Inc.
LISC Toledo 2021 Annual Report
www.lisc.org/toledo
500 Madison Ave, Ste. 312 Toledo, OH 43604 (419) 242-3836
Cover photo credit: Grace Community Center Header photo credits: Neon Mtn Media