A $100 million investment in community well-being
The Quality Jobs Fund is a major initiative to enhance and transform underserved communities by seeding sustainable, long-term, well-paid jobs, and skill upgrading for working people. The program will operate primarily in Arizona, California, and Nevada, along with some other states across the country.
Driven by rigorous, on-the-ground research, the Quality Jobs Fund is ready to address some of the problems of local economic decline and resulting inequality through high-quality job creation, small business expansion, and skill development in vital industries.
When people gain a stake in their own communities, they commit to improving their own lives and the lives of their neighbors.
Strategies led by local communities
In collaboration with the Aspen Institute, we set out on a 12-month intensive study and planning process and identified projects making a difference in the FHLBankSF’s three-state region. The research inquiry included five roundtable meetings with community leaders, business leaders, labor leaders, academics, job training professionals, and national and regional experts. Based on the information gathered and best practices examined, we developed the strategy behind the Quality Jobs Fund.
Putting the Quality Jobs Fund to work
The New World Foundation, in partnership with FHLBankSF and the Aspen Institute, has already begun to identify and evaluate potential intermediaries.
Beginning in 2017, New World Foundation will select intermediary organizations based on promising, innovative new programs, and long-standing ventures with a proven track record. We’re excited to explore the field and make a significant impact on working class families and communities.