Northwest Area Foundation has insight on how to create good rural jobs.
The St. Paul, Minnesota philanthropy has invested in 20 companies that have created 1,700 well-paid jobs, with above average benefits, in Idaho, Iowa, Minnesota, Montana, North Dakota, Oregon, South Dakota and Washington.
According to a new report from Pacific Community Ventures, about half of these investments were among the first private equity investments ever in the ZIP codes where the companies are headquartered. The foundation expects the fund, Invest Northwest, to break-even.
An earlier report from PCV, Defining and Measuring The Creation of Quality Jobs is a guide for investors seeking to back companies creating such high-quality jobs.
Photo credit: Northwest Area Foundation