Quality Jobs Fund Invests $3.2 Million In Pacific Community Ventures To Support Job Growth In Bay Area Small Businesses

OAKLAND, Calif., May 2, 2018 /PRNewswire-USNewswire/ --

WHO:     

• Rep. Barbara Lee (CA-13)
• Mayor Libby Schaaf, Oakland, CA
• Greg Seibly, President and CEO, Federal Home Loan Bank of San Francisco
• Lawrence Parks, Senior Vice President, Federal Home Loan Bank of San Francisco
• Mary Jo Cook, President and CEO, Pacific Community Ventures
• Rashad Armstead, President & CEO, Crave BBQ
• Donald Jacko, President & CEO, DADS Services
• David Maurrasse, Senior Fellow, New World Foundation
• Peggy Saika, Vice Chair, New World Foundation Board

WHAT:           

Remarks by Mayor Schaaf and Rep. Lee, followed by a press conference where Federal Home Loan Bank of San Francisco (FHLBank San Francisco) President and CEO Greg Seibly, Senior Vice President Lawrence Parks, and New World Foundation (NWF) Board Vice Chair Peggy Saika present a $3.2 million check to Pacific Community Ventures.  FHLBank San Francisco seeded the Quality Jobs Fund (QJF) with a $100 million charitable contribution to facilitate quality job creation, finance small business expansion, and support job training in its three-state district of Arizona, California, and Nevada, and in other communities nationally. NWF administers the program and chooses the recipients. The groundbreaking initiative will improve the wealth-building potential of working families, help generate future homebuyers, and serve as a catalyst for sustainable community development programs, especially those in underserved communities. The $3.2 million will be invested in companies that develop quality jobs. After the check presentation, Rashad Armstead, President and CEO of Crave BBQ, and Donald Jacko, President and CEO of DADS Services, will discuss how PCV investments are helping them grow and offer quality jobs, fair wages, and good benefits to employees. The press conference will end with a Q&A.

WHERE:          

The Greenlining Institute Building, 360 14^thStreet (between Franklin & Webster)
Oakland, CA 94602
Live streamed at bit.ly/qualityjobspcv

WHEN:             

Thursday, May 3, 2018
10 AM PST/ 1 PM EST     

MEDIA CONTACTS:

Michael K. Frisby 202-625-4382 or [email protected] 
Kevin Blackburn 510-377-8999   or [email protected]

(Contact Mr. Frisby or Mr. Blackburn to schedule a broadcast or print interview with Mr. Parks.)  

FAST COMPANY's RICK WARTZMAN PROFILES THE QUALITY JOBS FUND: http://bit.ly/qualityjob

SOURCE FHLBank SF and New World Foundation