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JACOBS FAMILY FOUNDATION ANNOUNCES FOURTH GRANT IN PASADENA INITIATIVE

 PASADENA, Calif., June 23 /PRNewswire/ -- The Jacobs Family Foundation announces its fourth grant in a 1993 "Greater Pasadena Enterprise Initiative."
 The award is a $30,000 challenge grant to the Pasadena Enterprise Center (PEC) for an Entrepreneurial Technical Assistance Program. When matched, the grant will expand one-on-one business counseling services to low-income individuals in the greater Pasadena area who are thinking of starting a business, have a micro-business, or have an existing small business.
 "It's about creating jobs by offering the chance to be self- employed," notes Dr. Joseph Jacobs, chairman of the Jacobs Engineering Group and founder of the Jacobs Family Foundation. "Those of us who have benefited from the free enterprise system need to assist in bringing those groups into the mainstream which have previously been excluded."
 The award will be presented by Jacobs at the opening of the Pasadena Enterprise Center's new facility on Thursday, June 24, at 5:30 p.m. The PEC is chartered as a Small Business Incubator and economic development program. Priority is given to Northwest Pasadena's minority- and women-owned businesses and those businesses that create jobs and opportunities for low- to moderate-income individuals.
 "Small business people often need training and support to reduce his or her chance of failure," notes Jacobs. "Many people with strong business ideas and a positive work ethic cannot access traditional business consulting."
 This Jacobs Family Foundation initiative is an area-wide campaign to foster the growth of successful, community-based micro and small business. The foundation provides financial support and technical assistance to agencies which share the goal of creating jobs and economic self-sufficiency in greater Pasadena's low-income, multi-ethnic communities in a way that reflects each community's sense of its own business needs. It hopes to encourage activities enhancing self-esteem in the community and to break the cycle of dependency upon government help which is so debilitating.
 Grants for the initiative provided by the Jacobs Family Foundation now total $195,000. They include a $100,000 challenge grant to the Los Angeles Urban League, Pasadena-Foothills Chapter, to develop a Small Business Training Institute with an advocacy component and a Lending Partnership; a $30,000 challenge grant to Neighborhood Housing Services to increase the number of micro-enterprise operators it can help through the Neighborhood Enterprise Center; $35,000 to the Neighborhood Enterprise Center to hire a bilingual trainer and to modify its program design to meet the needs of the Hispanic entrepreneur; and now the $30,000 challenge grant to the Pasadena Enterprise Center for individual business counseling in accounting, finance, law, management, human resources, production, planning and marketing.
 Jacobs said, "We are helping to make Pasadena a model for the rest of the country in helping the urban poor to create their own solutions. I ask that the business community of Pasadena join us in demonstrating that the beneficiaries of the free market system can help others to participate and benefit from that system."
 The Jacobs Family Foundation was founded in 1988 and to date has awarded more than $4.5 million in science and engineering education, community development, and youth and family services.
 Jacobs Engineering Group, headquartered in Pasadena, provides single-source consulting, engineering, design, architectural, environmental and hazardous waste-management, procurement, construction, construction management, contract maintenance and operations services to government and industry worldwide. Jacobs has 23 offices located throughout the United States, United Kingdom, and Ireland.
 -0- 6/23/93
 /CONTACT: Phil Stassi of Jacobs Engineering Group, 818-578-6902/


CO: Jacobs Engineering Group; Jacobs Family Foundation ST: California IN: CST ENV SU:

MF-JB -- LA001 -- 4845 06/23/93 08:02 EDT
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Date:Jun 23, 1993
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