New loan fund boosts good jobs to revitalize places

Fund Good Jobs is an new Oakland, California-based loan fund that specializes in supporting and expanding small businesses. Here’s some information from their website:

Good jobs are the building blocks for increased economic activity, safer neighborhoods, improved health, and better education. People with good jobs have more dignity, more mobility, and are able to provide a better life for their families.

Although there’s been a lot of talk about job creation in recent years, not much has been said about the quality of jobs we’re creating. Good jobs are about more than the unemployment rate. Good jobs bridge the underemployment gap and pay wages that consider the local cost of living for those who need them most.

We believe good jobs pay more than the local living wage, provide medical, dental, and retirement benefits, and create opportunities for professional development and wealth building for those with the greatest need.

Small businesses are uniquely equipped to create good jobs. They have greater flexibility to hire the hard-to-employ and provide them with opportunities for advancement. As active members of the community, they tend to hire locally and are less likely to ship jobs overseas. Collectively, thousands of small businesses across the country have the capacity to generate millions of good jobs.

See Fund Good Jobs website.

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