SmartJob, LLC is the first global company singularly dedicated to closing the disability wealth gap by catalyzing employment through impact investment.
nearly 2 trillion dollar hole
due to the absence of people with disabilities in the labor market.
Disability underemployment and unemployment have remained persistently high worldwide for decades. The ongoing COVID-19 pandemic has only made the problem worse, as jobs have disappeared in the labor market sectors most likely to employ people with disabilities.
Even in better economic times, people with disabilities experience crisis level unemployment.
Plus, they are less likely than their non-disabled peers to have access to technology, limiting their access to employment, to attaining better jobs, and to working in sectors that are adaptable when economic crises hit.
We can change this. And not by relying on employers or government programs to tackle these problems alone. But by
galvanizing innovation and cooperation to interrupt poverty in a sustainable way and to contribute meaningfully to a new era of employment.
By unleashing the power of capital markets for impact, together we can build
smart jobs, the kind that are future proof, flexible, accessible, and designed to improve the employment experience from the start.
Leveraging a market-based approach, SmartJob advises and facilitates impact investments in solutions that:
— Break through persistent barriers that have trapped people with disabilities in joblessness and are deepening a poverty crisis.
— Place resources in the hands of entrepreneurs with disabilities.
— And empower early stage companies with viable solutions to the unemployment and underemployment of people with disabilities.
Of working-age Americans with a disability, less than one third participate in the workforce.
SmartJob identifies and finds the most viable entrepreneurs and ideas in the world to reduce the low labor force participation of people with disabilities, and through due diligence, advising, and referral, links them with capital to allow people with disabilities to become full participants in the global economy and the future of work.
SmartJob Fund at ImpactAssets
SmartJob has entered into a historic partnership with ImpactAssets, the world-leading facilitator of direct impact investing through a Donor Advised Fund.
SmartJob will open the first fund within the ImpactAssets $1.2 Billion portfolio dedicated to closing the disability wealth gap and increasing disability employment. The SmartJob Fund at ImpactAssets will invest in disability-led solutions and early stage companies.
SmartJob provides advisory services to donors looking to cross over from more traditional philanthropic vehicles and goals into the realm of impact investment.
SmartJob also advises organizations and companies, banks, pension funds, and mainstream financial institutions to assist them in deploying capital for impact and serving and enhancing products and services for the untapped disability market.
Finally, SmartJob partners with leaders in the disability community to advise and support disability-led entrepreneurship programs and to build robust pipelines to talented disability entrepreneurs.
SmartJob Advisory Services
SmartJob Impact Criteria and Evaluation
We know that we are only as good as what we measure. That is why we are advancing a first of its kind advising, diligencing, and impact rating methodology and output measurement process.
The impact investments and partnerships that we identify will enable people with disabilities to access capital, supports, and products to gain meaningful employment, whether by starting or scaling early stage companies, catalyzing the availability of improved workplace technologies, or improving access to savings and credit.
The result will be measurable improvements in labor market participation and reduction in disability poverty.
In 2015, world leaders agreed to 17 Global Goals known as the Sustainable Development Goals or SDGs to create a better world by 2030, by ending poverty, fighting inequality, and addressing the urgency of climate change. The goals are meant to guide governments, businesses, civil society, and the general public to work together toward driving impact. In addition to other impact criteria, the goals guide SmartJob’s investment strategy.
Human capital is a rich asset that needs to be unlocked and harnessed for good to tackle the existential challenges of the next century, to meet the UN SDGs head on, and to rectify previous market failures.