This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

A Starbucks Initiative to Brew Up U.S. Jobs An initiative by Starbucks and Opportunity Finance Network is pouring small-business funding into private lending institutions

By Michelle Goodman

Opinions expressed by Entrepreneur contributors are their own.

Brewing up US jobs

For little more than the price of a latte, the average American can help finance a new business startup. That's the premise behind Create Jobs for USA, the brainchild of Starbucks founder and CEO Howard Schultz. Through the program, every $5 donated at a Starbucks location or through supports $35 worth of small-business lending.

To get these funds directly into the hands of businesses owners, Starbucks partnered with Opportunity Finance Network (OFN), a collection of 180 Community Development Financial Institutions (CDFIs) that specialize in lending to low-income and disadvantaged individuals and underserved communities throughout the nation.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In