Today, more than 75 million Americans are being left behind as technology transforms the labor market. More than 4 in 10 American workers are at risk of displacement due to automation and artificial intelligence. Despite these uncertainties, emerging technologies represent an opportunity to improve employment prospects for millions of low-income and low-to-middle-skill workers.

With this context, we’re excited to share that JFF has acquired Employment Technology Fund (ETF), a social impact fund focused on the application of technology to close skill gaps and improve economic mobility for low-income workers. Housed within JFFLabs, ETF@JFFLabs extends our work into the impact investing space—giving us additional means, agency, and ability to work with all available partners.

Read more on LinkedIn in an article penned by Maria Flynn, President and CEO, JFF.