Retail
Starbucks Caffeinates Howard’s Jobs Program
By Seattle Business Magazine November 2, 2011
Starbucks recently announced its Foundation would donate $5 million donation to the Opportunity Finance Network for a job-stimulating small business lending program called Create Jobs for the USA. The company is also asking customers and employees to contribute to the program. The company says that every five-dollar contribution to the program will result in $35…
Starbucks recently announced its Foundation would donate $5 million donation to the Opportunity Finance Network for a job-stimulating small business lending program called Create Jobs for the USA. The company is also asking customers and employees to contribute to the program. The company says that every five-dollar contribution to the program will result in $35 in loans by the Opportunity Finance Network to small businesses.
But the biggest impact on jobs could be Starbucks’ decision to hire 3500 people, remodel 1700 stores, and add 200 stores and a new coffee-roasting facility in the U.S.