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The Quality Jobs Fund is a significant initiative dedicated to fostering sustainable, well-compensated employment and improving community wealth. It achieves this by providing strategic financing to intermediary organizations, which in turn support the creation of quality jobs rather than merely increasing job numbers. This structured approach aims to empower working families and strengthen local economies through direct investment in job quality.
This major initiative was conceived with the understanding that persistent economic inequality demands a focused intervention beyond traditional job creation efforts. Recognizing the critical need for jobs that offer stability, fair wages, and growth potential, the fund was established as a substantial $100 million commitment. Its inception reflects a belief that targeted capital deployment can fundamentally shift economic paradigms in disadvantaged communities.
The fund primarily serves working people and underserved communities, aiming to bridge economic disparities by ensuring access to meaningful employment. Its long-term vision centers on advancing economic opportunity and building robust community well-being, prioritizing the holistic development of individuals and localities. The Quality Jobs Fund envisions a future where economic systems are inherently designed to provide widespread access to high-quality work.
Quality Jobs Fund has 1 tracked investment across 1 company. The latest tracked deal is $27.0M Series A in Bitwise Industries in June 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2019 | Bitwise Industries | $27.0M Series A | Kapor Capital, NEW Voices Fund | Andreessen Horowitz, Backstage Capital, Evolution VC Partners, Firstminute Capital, Flucas Ventures, Shawn Modarresi, Motley Fool Ventures, Saga, Peter Chernin, XYZ Venture Capital, Aaron Levie, Howard Schultz, JAY Z, Kevin Hart, Nick Caldwell, Seth Goldman, KAT Taylor, Morgan Simon, Acumen America, Aera VC, GingerBread Capital, Lumina Foundation, PI Ventures, Plum Alley, Reach Capital, The Libra Foundation |