Starbucks is teaming up with the Opportunity Finance Network® (OFN) to help create and sustain jobs. This new initiative is called Create Jobs for USA., and will provide capital grants to select Community Development Financial Institutions (CDFIs). The CDFIs will provide loans to underserved community businesses, which include small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing. The goal of Create Jobs for USA is to bring people and communities together to create and sustain jobs throughout America.
The Create Jobs for USA program initially will be seeded with a $5 million contribution from the Starbucks Foundation. People can support the initiative by making a donation to the Create Jobs for USA fund. Starting on November 1, donations will be accepted at company-operated U.S. Starbucks stores and online at CreateJobsforUSA.org. For donations of $5 or more, donors will receive an “Indivisible” wristband.