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Expanding Our Impact to Invest for Workers

ImpactAssets’ investment in ETF@JFFLabs expands the fund’s reach and impact at this critical time.

October 13, 2020

At a Glance

ImpactAssets’ investment in ETF@JFFLabs expands the fund’s reach and impact at this critical time.

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The COVID-19 pandemic has brought the economy to a historic standstill, and nearly 60 million U.S. workers have filed for unemployment insurance since March 2020. COVID-19’s disproportionate impact on the health and economic well-being of low-income and underserved communities—and the compounding impact of systemic racism and violence against Black Americans—has revealed our collective failure to acknowledge and address the structural problems that have consistently left millions behind.

ETF@JFFLabs was founded specifically to address these structural challenges. And we feel more responsible than ever to execute against our founding strategy: to invest in technology solutions that create opportunities for economic advancement for all.

ImpactAssets announced that they are joining us in this work with their new Preserve the Progress Fund investment in ETF@JFFLabs. Their investment expands the reach and impact of ETF@JFFLabs at this critical time when it is needed most. The funding will expand our ability to find, fund, and support the highest impact workforce technology solutions meeting the needs of the growing group of underserved workers.

Our investment stems from the organization’s unique focus on exclusively investing in workforce development solutions for low-income and minority communities, its partnership with JFF, and the organization’s high readiness levels to accept and deploy capital.

The ImpactAssets Investments Team

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