Starbucks(?) Decides To Help Create Jobs
Starbucks has announced a $5 million donation to Opportunity Finance Network, a network of microlenders, in order to help jumpstart job creation.
The coffee giant will also be accepting donations at the cash register beginning Nov. 1 and giving out snazzy wristbands.
Microlenders are nonprofit organizations that provide capital to small businesses, startups, and entrepreneurs with perhaps more shaky credit than a “standard” business. Access to capital, especially in such a tight market, is crucial for businesses that are ready to expand.
“Small businesses are the backbone of America, employing more than half of all private sector workers – but this critical jobs engine has stalled,” said Howard Schultz, Starbucks chairman and CEO, in a statement.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in