Dealflow | January 19, 2018

First Step Staffing to offer workforce training in Philly

ImpactAlpha
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First Step is acquiring part of for-profit On Time Staffing. The Atlanta-based nonprofit provides support to people having trouble finding jobs.

Financing for the deal comes from the Investors’ Circle consortium and includes loans from Nonprofit Finance Fund, Reinvestment Fund, Local Initiatives Support Corporation and Philadelphia Industrial Development Corporation.

First Step also received grants from the Barra Foundation and City of Philadelphia.