Starbucks Helping the Job Market – Guest Post
Starbucks – home of the over-priced cup of java that we just can’t get enough of – is about to start asking you to spend a little more money when you stop in to pick up that morning (or afternoon…) cup of coffee. But don’t worry; they aren’t raising their coffee prices, instead starting on November 1st the extra money ($5, to be exact) will go into a fund benefiting job stimulation in America. You also will get a nifty little red, white and blue bracelet with the word “Indivisible” on it.
So why is the coffee corporation reaching out to aid with job stimulation?
“Businesses and business leaders need to do more; we can’t wait for Washington,” Starbucks Corp CEO Howard Schultz said in an interview with Reuters.
The campaign is called the “Create Jobs for the USA” reserve and has partnered with Opportunity Finance Network (OFN) to launch it. The Starbucks Foundation is padding the new campaign by giving it a $5 million contribution to get everything up and running. Anyone who wants to help support “Create Jobs for the USA” will be able to do so by giving money in person at any of the nearly 7,000 locations or by donating online at www.CreateJobsforUSA.org.
“We are thrilled to partner with Starbucks on this innovative and high impact solution to help put America back to work. For more than two decades, OFN’s network of premier CDFIs has financed community businesses, delivering both sound financial returns and real changes for people and communities. Create Jobs for USA will unlock the power of CDFIs to finance community businesses and create new jobs and help grow our economy” Mark Pinsky, CEO and president of OFN, said.
The proceeds will go to OFN to help get community businesses that are trying to generate permanent jobs for those who are without work much-needed loans.
“Small businesses are the backbone of America, employing more than half of all private sector workers — but this critical jobs engine has stalled. We’ve got to thaw the channels of credit so that community businesses can start hiring again. Create Jobs for USA empowers Americans to help other Americans create and sustain jobs, with Starbucks and OFN as a catalyst and the Indivisible wristband as a symbol of our country’s unity,” Schultz explained.
This is just one of many attempts that Schultz has been involved in when it comes to kick-start the U.S.’s dire economy situation. Aside from his new campaign venture, Schultz has been actively involved with trying to help revive the economy, doing everything from hiring nearly 200 new people a day in an effort to open hundreds more Starbucks locations to pleading to his fellow CEO’s to stop political campaign donations pending an actual lasting economic solution.
Considering the current crisis with our nation’s job and debt situation, anything that is going to give it a much needed boost is welcome. So anytime you feel the pull to do something for the economy, just stop at any corner – because let’s be honest, where is there NOT a Starbucks? – and donate $5 while you’re picking up that pricey latte.
This Guest post is by Christine Kane from internet providers, she is a graduate of Communication and Journalism. She enjoys writing about a wide-variety of subjects for different blogs. She can be reached via email at: Christi.Kane00@gmail.com.