Capital from $100 million ‘Quality Jobs Fund’ starts to flow

  • Loan leveraging... The $3.2 million investment will allow Pacific Community Ventures to make $5 million in loans and support the creation of 5,000 jobs.
  • Community development finance… Pacific Community Ventures earlier this year secured financing from JPMorgan Chase’s Entrepreneurs of Color Fund.

LISC replicates local model to boost jobs and entrepreneurship in Atlanta

  • Talent search… The Atlanta metro area added 55,000 new jobs and has 200,000 openings, including in healthcare, transportation and food services.
  • Corporate backing… LISC provided $270,000 to the three nonprofit partners. State Farm, MetLife and Wells Fargo provided support for the initiative.

Bain Capital Double Impact leads acquisition of workforce development firm Penn Foster

  • Investor group... Bain’s $390 million Double Impact fund led a group of investors in acquiring a controlling stake in the company.
  • Career progress... Penn Foster graduates 40,000 students each year, and 80% of alumni say they’ve made career progress, according to Bain and Penn Foster.

Pollinate Energy and Empower Generation merge to scale energy access

  • Realistic impact… Empower Generation and Pollinate Energy together aim to reach one million people by 2020, particularly women and girls.
  • The gritty details… The two organizations have merged their boards. Empower will help Pollinate recruit and train women. Pollinate will help Empower professionalize its sales and reporting processes.