Quality Job Fund Event

Utility Telecom hosted a special event last Friday, January 12th, with leaders in creating Quality Jobs in America. This event was live-streamed from the Utility Telecom corporate offices in Stockton, California.

Representative Jerry McNerney and Stockton Mayor Michael Tubbs joined The New World Foundation and the Federal Home Loan (FHL) Bank of San Francisco in announcing the first investment of $5 million in the Central Valley Fund to help support quality jobs in Central California.

Mayor Tubbs and Rep. McNerney spoke at the press conference, where New World Foundation Board Member David Harrison and FHLBank San Francisco Senior Vice President Lawrence Parks presented a $5 million check to José Blanco, Managing Partner of the Central Valley Fund, as a part of the Quality Jobs Fund’s first investment.

FHLBank San Francisco established the Quality Jobs Fund 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, Nevada, and other communities nationally. New World Foundation administers the program and selects the recipients.

This groundbreaking initiative will improve the wealth-building potential of working families, help generate future homebuyers and serve as a catalyst for sustainable, long-term community development programs, especially those in underserved communities.

After the check presentation, Initiative Foods CEO and President David Ypma and Utility Telecom’s CEO and President Jason Mills discussed how the Central Valley Fund investments in their companies helped them grow and offer quality jobs, fair wages and good benefits to employees.

Check out the video below if you missed out on the event while it happened live!