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Starbucks Announces $100M Community Resilience to Support the Black Community

Starbucks has come a long way! In a recent announcement, the company announced its commitment to promote racial and social equity through new initiatives which include a $100 million investment to support small business and community development projects in BIPOC neighborhoods across the U.S. The new initiative will advance racial equity and environmental resilience by investing in impact-focused financial institutions which include Community Development Financial Institutions (CDFIs) who currently support communities with limited access to capital, according a press release. Starbucks will partner with experts like the Opportunity Finance Network to allocate funds to institutions that support borrowers by providing access not only to capital but technical assistance and ongoing mentoring. “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,” said...

Jan 15, 2021