Creative financing program helps small businesses in California thrive. Based in Oakland, California, ICA Fund Good Jobs uses a framework called the Good Employer Matrix (GEM), which measures good jobs based on providing livable wages and health benefits, minimizing barriers to entry, building strong and inclusive cultures, scheduling shifts fairly and reliably, and actively developing employees to help them advance in their careers. This hybrid banking institution/venture capital fund leverages its GEM tool for underwriting investments, and for providing financial incentives (such as interest rate reductions) for companies that hire from local workforce development partners and implement strategies that demonstrate improvement in their GEM score over time. Since 1996, the loan fund has worked with over 600 companies, 56 percent of which are owned by people of color and 39 percent of which are owned by women. Learn more.