Starbucks invests $100M to support BIPOC small business

Nam Y. Huh/APstarted a new community resilience fund to help support underserved communities in 12 major cities.

"Starbucks has always been a company focused on caring for our partners, creating experiences for our customers and playing a positive role in our communities and throughout society," Starbucks president and CEO Kevin Johnson said in a statement."We are excited to make this investment as it aligns with our Mission and Values and supports our aspiration to advance equity and opportunity in the communities we serve.

The company said it will work with Community Development Finance Institutions and other impact-focused financial institutions, to help provide access to capital intended to support small businesses and neighborhood projects, including those addressing the inequitable impact of climate change. Plus, the Opportunity Finance Network will help work with those CDFIs to provide borrowers with access to capital, ongoing mentorship and technical assistance.

Matthew Roth, IFF President of Core Business Solutions, who leads the agency’s CDFI wing said"the pandemic has has highlighted how important CDFIs are in the financial ecosystem" and explained that this project with Starbucks will ensure"capital reaches non-profits and small businesses serving low-income communities that are traditionally left out of mainstream finance."

NIAC does not represent the Iranian people

Invests it where? Who did it go to?

When your the creator of stuxnet it's easy to donate all that money 💰

its China money

Reducing Price Of Coffee to $1 a cup ?

I hope they bring in other donors too.

星巴克也不容易~

horrible

All the big corporations need to do is provide living wages, health insurance and a 401k.

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Good job Starbucks.! That's what I'm talking about

Did they close their stores in Trump properties?

Excellent

UK tax dodgers

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Starbucks invests $100M to support BIPOC small businessStarbucks started a new community resilience fund to help support underserved communities in 12 major cities. The Seattle-based coffee company announced the launch of the Starbucks Community Resilience Fund on Wednesday, which will invest $100 million by 2025 to help advance racial equity and environmental initiatives through development projects in Black, Indigenous and People of Color (BIPOC) communities.
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