SJF Makes Top Ten List

Fund that assists recyclers honored for environmental good works.

The Community Investing Campaign (CIC) has honored the Sustainable Jobs Fund (SJF), Durham, N.C., as one of 10 leading “green investing” organizations in the U.S.

SJF and nine other organizations were honored by the CIC as being “leaders in providing financing for small businesses to create environmentally friendly products and services in their communities.”

SJF is a $17 million community development venture capital fund that invests in sustainable businesses in the eastern U.S. The businesses, several of which have been recyclables processors or consumers, must create quality entry-level jobs. SJF defines “sustainable” as meeting the social and environmental needs of the present without compromising the future.

“We are deeply gratified to have this kind of national attention focused on the work of SJF, which is dedicated to improving the lives of underserved individuals and communities through environmentally focused investing,” says SJF managing director David Kirkpatrick.

David Berge, who helped CIC choose the 10 honorees, says, “We are honoring SJF today because it is an outstanding example of how community investing dollars can transform the lives of thousands of people in the U.S. Americans who want to make a change in the lives of others need to understand that community investing is a powerful and personal way to get the job done.”

Founded in 1999, SJF invests up to $1 million in equity or subordinated debt in portfolio companies. Since 1999, SJF has invested nearly $8 million in 15 companies, helping these companies retain 815 positions, create 715 new positions, and commit to the creation of an additional 426 positions.