News / Economy

    Starbucks Collects for Job Growth Program

    Starbucks is giving these bracelets to customers who donate $5 or more to the Create Jobs for USA program.
    Starbucks is giving these bracelets to customers who donate $5 or more to the Create Jobs for USA program.
    Deborah Block

    The weak economy in the United States has made it tough for many people to find work.  The Starbucks coffee company, based in Seattle, Washington, is trying to promote job growth through its new Create Jobs for USA program.  This month, the company began collecting donations from its customers that will be loaned to small businesses that promise to hire people in lower income communities.

    Sally Shafor gets a cup of coffee at a Starbucks in Alexandria, Virginia.
    Sally Shafor gets a cup of coffee at a Starbucks in Alexandria, Virginia.

    “I’ll take a grande coffee of the day please, with room for cream. And I’d like to donate $5 to the create jobs program," said Sally Shafor at a Starbucks in Alexandria, Virginia.

    She has a job, but she knows people who don’t.  "I know that the economy has made it difficult for many people to find jobs these days, and so if there is any way I can help, I’m happy to," she said.

    Starbucks is hoping millions of customers like Shafor will be happy to contribute money at its stores in the United States.  Adam Brotman, a spokesman for Starbucks, says the company is giving $5 million to get the program started. “It’s no longer enough for a company, in this day and age, to just serve its customers, employees and shareholders.  It’s a company’s responsibility, as a corporate citizen, to serve the very communities where they do business," he said.

    Brotman says small businesses create the most new jobs, but many of them can’t hire new workers now because they are not able to get credit. "We went looking for a way we could put our dollars to work in underserved communities [with] small businesses and community businesses, because they would have the most impact for job creation," he said.

    Starbucks is covering the program's administrative costs. The donations are being given to the Opportunity Finance Network, a non-profit that works with 180 local financial institutions which provide loans to low-income communities.

    “The reason that we chose the Opportunity Finance Network to be our partner is because they have already selected the most impactful of these community development financial institutions, or CDFI’s, serving the most in-need neighborhoods in the country,' said Brotman.

    Mark Pinsky, chief executive officer at the Opportunity Finance Network, says the businesses must be able to hire people quickly.  “It will create construction jobs for people who build homes or office buildings.  It will create jobs for teachers and school administrators.  And it will take care of people who work in offices," he said.

    He says the small businesses will be audited to make sure the donations are being used to create jobs.  

    Economist Mark Zandi at Moody's Analytics says it is up to private industry to help stimulate the economy - especially since President Obama and the U.S. Congress have not been able to agree on a jobs creation program. “The government can help during crisis and try to fill the void when people are panicked, but at the end of the day, we need the private companies and private sector to come together and create those jobs," he said.

    He notes it may not be easy for Starbucks to get donations during a recession.  “I don’t know if this is going to be a success, but hopefully, this is an idea that captures the imagination and people contribute," he said.

    Adam Brotman says Starbucks DOES hope to inspire other companies. “That they will either join us, or partner with us, or they’ll do something similar, because we just hope to be a catalyst and an inspiration for change," he said.

    You May Like

    US Leaders Who Served in Vietnam War Look Back and Ahead

    In New York Times opinion piece, Secretary of State John Kerry, Senator John McCain and former Senator Bob Kerrey say as US strengthens relations with Vietnam, it is important to remember lessons learned from war

    Who Are US Allies in Fight Against Islamic State?

    There is little but opportunism keeping coalition together analysts warn — SDFs Arab militias are not united even among themselves, frequently squabble and don’t share Kurds' vision for post-Assad Syria

    Learning Foreign Language Helps US Soldiers Bridge Culture Gap

    Effective interaction with local populations part of everyday curriculum at Monterey, California, Defense Language Institute

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Vietnamese-American Youth Optimistic About Obama's Visit to Vietnami
    X
    Elizabeth Lee
    May 22, 2016 6:04 AM
    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video Vietnamese-American Youth Optimistic About Obama's Visit to Vietnam

    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video First-generation, Afghan-American Student Sets Sights on Basketball Glory

    Their parents are immigrants to the United States. They are kids who live between two worlds -- their parents' homeland and the U.S. For many of them, they feel most "American" at school. It can be tricky balancing both worlds. In this report, produced by Beth Mendelson, Arash Arabasadi tells us about one Afghan-American student who seems to be coping -- one shot at a time.
    Video

    Video Newest US Citizens, Writing the Next Great Chapter

    While universities across the United States honor their newest graduates this Friday, many immigrants in downtown Manhattan are celebrating, too. One hundred of them, representing 31 countries across four continents, graduated as U.S. citizens, joining the ranks of 680,000 others every year in New York and cities around the country.
    Video

    Video Vietnam Sees Strong Economic Growth Despite Incomplete Reforms

    Vietnam has transformed its communist economy to become one of the world's fastest-growing nations. While the reforms are incomplete, multinational corporations see a profitable future in Vietnam and have made major investments -- as VOA's Jim Randle reports.
    Video

    Video Qatar Denies World Cup Corruption

    The head of Qatar’s organizing committee for the 2022 World Cup insists his country's bid to host the soccer tournament was completely clean, despite the corruption scandals that have rocked the sport’s governing body, FIFA. Hassan Al-Thawadi also said new laws would offer protection to migrants working on World Cup construction projects. VOA's Henry Ridgwell reports.
    Video

    Video Infrastructure Funding Puts Cambodia on Front Line of International Politics

    When leaders of the world’s seven most developed economies meet in Japan next week, demands for infrastructure investment world wide will be high on the agenda. Japanese Prime Minister Shinzo Abe’s push for “quality infrastructure investment” throughout Asia has been widely viewed as a counter to the rise of Chinese investment flooding into region.
    Video

    Video Democrats Fear Party Unity a Casualty in Clinton-Sanders Battle

    Democratic presidential front-runner Hillary Clinton claimed a narrow victory in Tuesday's Kentucky primary even as rival Bernie Sanders won in Oregon. Tensions between the two campaigns are rising, prompting fears that the party will have a difficult time unifying to face the presumptive Republican nominee, Donald Trump. VOA national correspondent Jim Malone has more from Washington.
    Video

    Video Portrait of a Transgender Marriage: Husband and Wife Navigate New Roles

    As controversy continues in North Carolina over the use of public bathrooms by transgender individuals, personal struggles with gender identity that were once secret are now coming to light. VOA’s Tina Trinh explored the ramifications for one couple as part of trans.formation, a series of stories on transgender issues.
    Video

    Video Amerikan Hero Flips Stereotype of Middle Eastern Character

    An Iranian American comedian is hoping to connect with American audiences through a film that inverts some of Hollywood's stereotypes about Middle Eastern characters. Sama Dizayee reports.
    Video

    Video Budding Young Inventors Tackle City's Problems with 3-D Printing

    Every city has problems, and local officials and politicians are often frustrated by their inability to solve them. But surprising solutions can come from unexpected places. Students in Baltimore. Maryland, took up the challenge to solve problems they identified in their city, and came up with projects and products to make a difference. VOA's June Soh has more on a digital fabrication competition primarily focused on 3-D design and printing. Carol Pearson narrates.

    Special Report

    Adrift The Invisible African Diaspora

    World Currencies

    EUR
    USD
    0.8916
    JPY
    USD
    109.40
    GBP
    USD
    0.6905
    CAD
    USD
    1.3147
    INR
    USD
    67.522

    Rates may not be current.