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?