Starbucks Partners with CDFIs like the Greenville Housing Fund to Create Jobs in our Community
Blog News | Posted: 12.08.11
We hear in the news every day about people being out of work and unable to find a new job. The unemployment rate continues to rise but finally a plan has been developed to increase jobs in our community and it comes from an unlikely team. Starbucks is partnering with the Opportunity Finance Network, a group of community lending institutions like the Greenville Housing Fund, to help meet unmet credit needs in our community including micro lending to small businesses. Small businesses are the backbone of America. They employ over half of all private sector employees and have created over 65% of our new jobs in the past 15 years. However, one out of three small businesses say that they cannot obtain enough financing to kick start their businesses. Starbucks and OFN have developed the Create Jobs for the USA Initiative where you can buy a bracelet for $5 and 100% of the proceeds will go to community organizations such as the Greenville Housing Fund. Starbucks has kick started their initiative by contributing over $5 million. After only a month, people have donated over $1 million in this effort to make our community a better place through job creations. For more information, read the article in the Housing in the News section of the website and check out the video at http://www.starbucks.com/.
