What is Coalfield Development?
Coalfield Development Corporation operates as a licensed general contractor, engaging in diverse construction and deconstruction projects. A key initiative, the Quality Jobs initiative (QJI), employs a unique '33-6-3' model. This structure dedicates 33 hours per week to hands-on construction work, 6 hours to community college classes for associate's degrees, and 3 hours to life skills training covering financial management, culture, and physical health. This integrated approach aims to foster both professional skills and personal well-being among its crew members, enabling them to become full-time students while gaining practical experience.
How much funding has Coalfield Development raised?
Coalfield Development has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Coalfield Development
PPP
Public-Private Partnership
What's next for Coalfield Development?
The substantial late-stage funding positions Coalfield Development for significant expansion and operational enhancement. This strategic investment is likely to fuel the scaling of its innovative Quality Jobs initiative, potentially broadening its reach to new communities and increasing the number of individuals benefiting from its unique educational and vocational training model. Further development in construction capabilities and deconstruction services is also anticipated, solidifying its role as a community-focused contractor.
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