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LA2050
Leadership for Urban Renewal Network

Associate, Economic Development Initiatives

Employment type
Full-Time
Posted
about 1 month ago
Location
Los Angeles
Description

LURN is a 501(c)(3) nonprofit organization dedicated to building sustainable communities through innovative urban planning strategies, advocacy, action—oriented research, and responsible development. Founded in 2008, the organization employs a multi—disciplinary approach to its work, creating spaces for new ideas, compiling research, supporting local entrepreneurs and leaders, and helping other organizations implement their innovations.

Background

LURN administers a suite of economic development initiatives that provide resources to businesses and entrepreneurs in low-income neighborhoods. These initiatives include:

  • COMPRA Foods, a purchasing cooperative and distribution program managed in partnership with the LA Food Policy Council and API Forward Movement. COMPRA Foods aims to increase access to healthy and affordable foods in low-income neighborhoods by leveraging the collective purchasing power of small grocers and convenience stores in low-income neighborhoods of Los Angeles;
  • The Semi’a Fund, a micro-loan fund focused on providing low-interest loans to entrepreneurs in low-income neighborhoods. The Semi’a Fund focuses its outreach on entrepreneurs in the informal economy and other business owners who have an entrepreneurial vision but no access to capital. In addition to capital, the Semi’a Fund offers one-on-one coaching for its clients; and
  • The (Re)Store Fund, a micro-equity program that invests in businesses in low-income neighborhoods. In exchange for patient capital, LURN receives a minority stake in the business and leverages its networks and resources to help the business grow over time. Repayment of the investment is based on the performance of the business. In addition to this work, LURN advocates for thoughtful urban policy such as the legalization of street vendors, and maintains a portfolio of clients through its mission-oriented consulting practice, LURN Advisors.

Position Overview 
LURN is seeking an Associate to support LURN’s economic development initiatives with a primary focus on the Semi’a Fund, a microloan program designed for entrepreneurs in low-income neighborhoods with limited access to capital. Over the last couple of years, the Semi’a Fund has expanded and increased its loan portfolio. LURN is seeking a self-motivated individual to assist in the development and execution of programs and workshops designed for Semi’a Fund borrowers. For LURN, the Semi’a Fund is not only providing low-income entrepreneurs access to healthy capital but also dispensing the tools and resources to help these entrepreneurs grow their businesses.

We believe this position requires an energetic individual, who is skilled in oral presentation skills and excited to work with a wide range of community members. The Associate will have experience leading group workshops; they will be confident in their abilities to design, develop, and implement tools that add value for Semi’a Fund borrowers and entrepreneurs. Thus, the Associate will not only be a loan underwriter, but also as a coach and project manager for the Semi’a Fund’s clients. The Associate will report to the Director of Programs and Operations and will work closely with LURN staff on other projects as necessary.

Primary Job Responsibilities

  • Support the deployment of capital through business development and underwriting;
  • Plan and facilitate group coaching sessions with Semi’a Fund clients;
  • Develop training materials on topics related to personal and business finance;
  • Provide individualized coaching sessions to Semi’a Fund clients; and
  • Maintain accurate client and group coaching data, including attendance rosters, evaluations, coaching notes, and borrower engagement.

Other programmatic Support

  • Assist in program—related research projects and outreach efforts;
  • Support the cultivation of a creative, productive environment with LURN staff and its partners;
  • Perform other duties as assigned.

Ideal candidates will have the following qualifications:

  • Bachelor’s degree in Business Administration, Urban Planning, Economics, Education or a related field;
  • At least two years of experience in curriculum development, program implementation and evaluation and/or coaching;
  • Fluency in economic development, social enterprise development, community-based finance and/or popular education;
  • Prior experience in public speaking and good presentation skills;
  • Ability to work effectively with diverse audiences;
  • Strong verbal and written communication skills;
  • Written and verbal fluency in the Spanish language;
  • Valid driver’s license with reliable transportation;
  • Positive, upbeat attitude that supports LURN staff and its organizational partners; and
  • Commitment to LURN’s mission and interest in urban planning and economic development.

Compensation LURN offers a competitive salary commensurate with experience.

 

To apply

A cover letter and resume should be submitted to [email protected] For more information on our organization, please visit www.lurnetwork.org.