The Local Initiatives Support Corporation (LISC) and ProMedica will concentrate capital and on-the-ground technical support to address social determinants of health and improve overall quality of life. Notably, the partnership will leverage funds for a major initiative announced last year called the Ebeid Neighborhood Promise (ENP), which is revitalizing Toledos UpTown community, where more than half of residents live in poverty and 30 percent are unemployed.
“There is a sense that downtown is enjoying an economic renaissance, but the city is never going to reach its potential if that economic energy doesn’t start making its way out into the neighborhoods,” he said. “One of the ways to do that is with seed capital and investment and loan pools. Someone needed to step up to help move that process along, and LISC and ProMedica have done it.”
New investments and grants will focus on helping families grow employment skills and boost incomes and education. The goal is to improve community safety, finance healthy homes and vibrant businesses, and ensure communities have quality greenspace and jobs. It is a model that can be replicated in communities across the country.
ProMedica announces partnership with Local Initiatives Support Corporation to help improve quality of life for under …
Health care has traditionally invested heavily in high-tech clinical care and state-of-the-art facilities, yet we underinvest in programs to improve socioeconomic factors. This is despite scientific evidence of how these factors greatly influence a persons health status, said Randy Oostra, ProMedica president and CEO. For several years now, ProMedica has been devoting more resources to address social needs. Now through this partnership with LISC, we will maximize the impact of our efforts, starting in UpTown, and demonstrate the power of partnering with other sectors to accomplish a shared goal.
ProMedica has been screening and studying the impact of social needs on the health of its patients, finding that financial strain, employment, behavioral health, and access to healthy food are among the most critical indicators. As an anchor institution, it also serves as a catalyst for community collaboration and economic development, including ensuring that area neighborhoods thrive.
Your zip code should not determine your prospects in life, said Maurice Jones, president and CEO of LISC, a national community development organization that has invested more than $19 billion to spur economic opportunity in struggling areas. But, right now, your community is the single largest predictor of how well and how long you will live. We have to focus on social, economic and health challenges—all in the same place at the same time—if we want to give families the best chance possible to thrive.
The partnership includes a $20 million pool of grants, half from each organization, that will be deployed over 10 years for community programs and services. It also includes a new $25 million loan fund that will finance development projects that would not otherwise move forward. Of the total lending pool, ProMedica is investing $10 million and LISC is investing $15 million.
“It’s going to take a community to rebuild a community,” he said after the event. “It can’t just be a room full of people that are white and privileged and not living in poverty. They made a commitment today to engage the community and find out what people want.”
Importantly, the partners will work with health researchers to develop a new framework for evaluating how these kinds of community investments impact health–integrating data on financial, educational and clinical outcomes to identify what works.
We are taking a data-driven approach that will demonstrate exactly how were making a difference, said Kate Sommerfeld, ProMedica president of social determinants of health. Our end goal is to develop a national model and best practices that we can replicate across ProMedicas region and share with other health systems.
The investment effort builds on the partners long-time commitment to these issues.
ProMedica, which operates in 28 counties in Ohio and Michigan, has emerged as a national leader on social determinants, demonstrating how health institutions can leverage their expertise and resources to advance key goals.
For 40 years, LISC has been investing in thousands of urban and rural communities across the country, including $150 million in Toledo since 1989. In late 2017, LISC announced it would deploy an anticipated $10 billion in national investments over the next decade in ways that are specifically designed to upend health disparities, as well as raise overall standards of living. The partnership with ProMedica is the first national collaboration designed to support LISCs expanded health focus.
Health care institutions can wield remarkable influence over social determinants, not just by the care they provide but by the data they have on place-based health challenges, Jones said. When we connect their talent and their resources to the expertise of community developers, we have an opportunity to drive changes that help people live better—literally adding years to their life. Thats incredibly powerful.
To move forward, LISC and ProMedica will begin working with community partners and stakeholders in UpTown this month to engage residents. An operations team based at UpTowns ProMedica Ebeid Institute will focus on expanding job-training opportunities for residents and onboarding additional community health workers, financial coaches and jobs coaches who will provide free services to the community.
“Access to capital for development is like oxygen to breathe,” he said. “You have to have access to capital for organizations and individuals at different stages of their journey.”
For more information about the ProMedica and LISC partnership, visit www.promedica.org/ebeidpromise.
Randy Oostra, president and CEO of ProMedica, left, and Maurice Jones, president and CEO of the Local Initiatives Support Corp., talk about LISCs new partnership with ProMedica Ebeid Institute.
ProMedica is a mission-based, not-for-profit healthcare organization serving northwest Ohio and southern Michigan. The 13-hospital system has more than 17,900 employees, 2,700 physicians and advanced practice providers with privileges, and more than 920 healthcare providers employed by ProMedica Physicians. Additionally, it offers a health plan, Paramount, which serves 344,000 members including more than 243,000 members in the statewide Medicaid plan. Driven by its Mission to improve your health and well-being, ProMedica offers a full range of diagnostic, medical and surgical specialties in areas such as emergency medicine and trauma, behavioral health, heart and vascular, oncology, orthopaedics, neurology, and womens and childrens services. The health system has been nationally recognized for its advocacy programs and efforts to raise awareness about hunger as a health issue. For more information about ProMedica, please visit www.promedica.org/aboutus.
About LISC: With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. Since 1980, LISC has invested $19.3 billion to build or rehab 376,000 affordable homes and apartments and develop 63 million square feet of retail, community and educational space. LISC investments have leveraged more than $60 billion across the country for initiatives related to better housing, businesses, safety, health and jobs. For more, visit www.lisc.org.
Mr. Jones said the idea is to stimulate under-served neighborhoods by investing in local development efforts and small-business ventures with initial capital and technical support.
Amanda Fox For LISC 347-581-6498 email@example.com Tedra White firstname.lastname@example.org ProMedica 567-585-3864 email@example.com Related Articles More articles issued by Local Initiatives Support Corporation More articles related to: Company Announcement Profile Local Initiatives Support Corporation
From left, Kim Cutcher, the executive director of Toledo LISC, Kate Sommerfeld, president of social determinants of health with ProMedica, and ProMedica CEO and President Randy Oostra discusses a new partnership with the national LISC organization to obtain funding for the Ebeid Neighborhood Promise at the ProMedica Headquarters Steam Plant building in Toledo on Monday.
From left, Kim Cutcher, the executive director of Toledo LISC, Kate Sommerfeld, president of social determinants of health with ProMedica, and ProMedica CEO and President Randy Oostra discusses a new partnership with the national LISC organization to obtain funding for the Ebeid Neighborhood Promise at the ProMedica Headquarters Steam Plant building in Toledo on Monday, March 12, 2018.
“They just don’t know how. They don’t have resources,” Mr. Oostra said. “We just need to provide tools for people.”
ProMedica CEO and President Randy Oostra discusses a new partnership with the national LISC organization to obtain funding for the Ebeid Neighborhood Promise at the ProMedica Headquarters Steam Plant building in Toledo.
The national Local Initiatives Support Corp. and ProMedica will spend $45 million improving economic opportunities and health outcomes in ProMedica’s 28-county footprint.
The two organizations will announce Tuesday a $25 million loan pool and $20 million grant program for neighborhood-based economic development in ProMedica’s territory over the next decade. The partnership will also strengthen another major ProMedica initiative launched in late 2017: the 10-year Ebeid Neighborhood Promise program, which seeks to inject new life into Toledo’s UpTown neighborhood.
“This is a big deal,” said Randy Oostra, president and chief executive of ProMedica. “This is really good news for a lot of people.”
The $50 million promise program established the ProMedica Ebeid Institute for Population Health. The institute aims to research and create programs related to social determinants of health — a term for demographic factors such as income, education, housing, and food insecurity that affect a person’s well-being. It is funded in large part by a $28.5 million gift from the family of late philanthropist Russell J. Ebeid, while ProMedica will contribute $11.5 million and raise another $10 million from community partners for the initiative.
After that announcement last fall, Mr. Oostra said LISC then approached ProMedica about a wider partnership.
“We’ve done a lot of work with social determinants, but having the resources from LISC and their ability to come in especially financially … it’s a game changer,” Mr. Oostra said.
In a prepared statement Mr. Oostra added that, while the health-care industry has traditionally invested in technology and facilities, it has under-invested in socioeconomic factors, despite evidence about how such factors “greatly influence” people’s health.
“For several years now, ProMedica has been devoting more resources to address social needs,” the statement said. “Now through this partnership with LISC, we will maximize the impact of our efforts, starting in UpTown…”
Maurice Jones, president and chief executive of the New York-based LISC, said the organization had previously announced a 10-year, $10 billion commitment toward improving various social determinants of health across the country.
“We’re trying to take this to the next chapter,” Mr. Jones said. “I don’t know of any other hospital around the country that is as aggressive and committed to this body of work as ProMedica is. … Our potential here for transformative work is incredibly, incredibly bright.”
ProMedica will contribute $10 million to the loan pool and another $10 million to the grant program, while LISC will add $15 million for loans and $10 million for grants.
Kate Sommerfeld, president of social determinants of health for ProMedica, said LISC has the know-how and resources to implement the promise program while providing guidance and resources for residents.
“They really understand what works to move the neighborhood forward,” she said. “This will help us operationalize the Ebeid [Neighborhood] Promise.Technical assistance is going to be key, too. What we’ve seen is that when there are these pools available, developers or projects don’t have the technical support to get to the end goal.”
The loan and grant programs will not exclude anyone, but will place emphasis on businesses owned by women and minorities.
“In most places, we see an under-representation among women and minorities when it comes to building wealth and running businesses,” Mr. Jones said. “We want to make sure we are intentional about going after those groups who are under-represented when it comes to the business-ownership piece of the economic pie in Toledo and other places.”
Kim Cutcher, executive director of Toledo LISC, said the partnership will use its loans and grants to provide financial assistance to businesses and developments that traditional funding sources like banks don’t support.
“It doesn’t mean that those projects or programs aren’t worthy, it just means they don’t meet the criteria the banks have set right now, or the banks can only participate at a certain level,” she said.
Mr. Jones noted the initiative aims to do more than simply fill the gap. The goal is to build momentum in under-served neighborhoods so investment becomes more desirable.
“The idea is to catalyze true market activity in these communities, such that what comes behind us is market-based folks who see these neighborhoods and organizations as worthy of investment,” he said.
Contact Alexandra Mester at: firstname.lastname@example.org, 419-724-6066, or on Twitter @AlexMesterBlade.
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