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FINANCING: Fund Creates Jobs, Revitalizes Communities

Published Monday, November 01, 1999

Funding start-up and expansion efforts can be especially challenging for small recycling, remanufacturing and other environmental businesses. However, thanks to the new Durham, N.C.-based Sustainable Jobs Fund (SJF), it's now easier for these industries to gain needed capital. The SJF aims at businesses that create quality jobs in economically distressed neighborhoods throughout the eastern United States. The fund focuses on sustainable industry sectors such as recycling and remanufacturing because they are suited to generate good jobs for low-income individuals. Organized as a 10-year limited partnership, the fund is certified as a Community Development Financial Institution (CDFI) by the ...

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