Report/Research

ETF@JFFLabs 2019 Impact Report

At a Glance

This report offers a look at the progress that ETF@JFFLabs and our portfolio companies have made in improving the lives and livelihoods of the underserved populations we target. In 2020 and beyond, we will forge ahead to support and scale even more solutions with the potential to address the historic challenges we face.

Published jul. 08, 2020
Contributors

Meeting Unprecedented Need

At the end of 2019, the U.S. economy was booming. The country was at full employment with a stock market that had reached record highs throughout the year. We inhabit a very different reality today.

The COVID-19 pandemic has brought the economy to a historic standstill, and nearly 45 million U.S. workers have filed for unemployment insurance in a 12-week period. COVID-19’s disproportionate impact on the health and economic well-being of low-income and minority 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 greater responsibility than ever to execute against our founding strategy: to invest in technology solutions that create opportunities for economic advancement for all.

Through eight portfolio companies, all of which offer scalable technology solutions intentionally designed to benefit low-wage and low- and middle-skill workers, we help people prepare for, find, secure, and succeed in jobs that lead to economic mobility.

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Our Portfolio

At the end of 2019, our portfolio included eight investments in scalable technology solutions that have the potential to meaningfully improve the lives and livelihoods of underserved workers.