Donate $5 to help create jobs

A new Starbucks campaign will ask customers to donate $5 to help promote job growth.

Mon, Oct 03 2011 at 3:12 PM

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Green Business, Economics

Photo: marcopako/Flickr

No new jobs were added in August, the September unemployment report won’t be released until Friday and fears of a double-dip recession are looming. Obviously the nation is in a financial crisis right now but Starbucks has a plan to help turn things around.

Beginning November 1, Starbucks stores across the nation will be collecting $5 donations from customers to help curtail job losses and even create new jobs. That’s right, your donation of $5 can help turn this economy around if the Starbucks Jobs for USA program reaches its full potential.

Although $5 doesn’t sound like much, when a company with almost 7,000 stores in the United States institutes a fundraising program, the money can quickly add up. Starbucks CEO Howard Schultz commented on his company’s reach in an article for USA Today, “This is about using Starbucks' scale for good.”

The Starbucks Foundation is launching the program with a $5 million cash infusion and beginning on November 1, customers at U.S. locations can join the effort with a $5 donation. Each $5 donation will actually provide $35 worth of financing for businesses in your community.

Through its partnership with the Opportunity Finance Network, Starbucks and the Jobs for USA program is designed to provide loans to small businesses and community organizations. These loans will either curtail job losses or create new jobs. According to the Jobs for USA website, every $3,000 in donated funds will either create or maintain a job.

When you think about how many stores Starbucks has and how many customers visit these stores every day, you can begin to see how much of a positive impact this could potentially have on communities around the nation.

If you’re a Starbucks customer, are you planning on contributing to the Jobs for USA campaign come November?

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Comments: 5

American Worker Mar 24 2012 at 8:10 PM

Why is Howard constantly on TV bashing the government about not creating jobs and pushing his fake Create Jobs program for the USA?

Clearly he is in control and allows American workers at SBUX headquarters in Seattle to be let go as jobs are being switched overseas to non American workers.

Hypocritical company.

Equally SBUX now hires some former workers back to SBUX HQ as contract workers with no benefits they enjoyed before!!

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cats Oct 04 2011 at 7:32 AM

you have got to be kidding! This is a good idea? Why doesn't Starbucks just donate it's own money to create jobs and help the economy Maybe it could increase the minimum wage of it's own emplyees while they are at it.. Who has oversight of this money?Where will be the accountability?
Sounds like another Ponzi scheme to me

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kathyfalk Oct 04 2011 at 6:40 AM

What’s more clear with Employment report is that when it comes to joblessness, having a college degree is more important than ever that is why we need the help of "High Speed Universities" now

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Erik Oct 04 2011 at 12:36 AM

The only jobs are the ones in the "Opportunity Finance Network, Starbucks and the Jobs for USA program" These are "non-profit" but paid with a percentage of monies donated. They make the loans.. and get the repayments, along with interest income. A rather lucrative scam...