There has been a significant amount of public attention on the need to create more and better jobs for American workers. Related to this issue is the need to identify investment sources to revitalize the nation's economy. Until the current job crisis occurred, very little attention was given to the workers' own funds (their pensions) as a source of the investment capital required to preserve existing jobs and/or provide opportunities to create new employment. This article describes recent attempts and innovative approaches by California construction and public-employee unions to expand their investment portfolios to include specific job-creating real estate investments through a new development foundation.
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