PACE is a nonprofit community development organization founded in 1976 to address the employment and job training needs of the Pacific Asian Islander communities. PACE has since expanded into a variety of service areas, all tailored to meet the growing and changing needs of the multi-ethnic communities in Los Angeles County. Its Business Development Center, which aims to advance wealth by giving individuals the tools to develop sustainable businesses and successfully manage their personal finances, is credited with serving 113,873 low-income people and 10,237 businesses, leveraging over $50 million, and creating or retaining 14,142 jobs since 2003. Other key programs include job training, employment services, childhood education, housing and rehabilitation services, weatherization and energy-conservation, and affordable housing development.