Starbucks works to create jobs, small business loans

So I walked into Starbucks this morning to discover a ton of signs and bracelets filling the store. Everything read, “This Country Needs Jobs.”

Starting today, Starbucks has teamed up with a network of community-based financial institutions to help create jobs. Anyone can make a tax-deductable contribution at a Starbucks store or online to the Create Jobs for USA Fund. The money will go to companies so they can hire or retain American workers.

The Starbucks Foundation is putting up $5 million for the campaign and is encouraging others to chip in. All the funds collected are slated for the Community Development Financial Institution, firms that can add jobs or help stem job losses.

People were so pleased by the idea that a group has mentioned nominating Starbucks CEO Howard Schultz as a third party candidate for president.

“I have no interest in politics, Matt,” Schultz told TODAY’s Matt Lauer. “I run a coffee business and I’m trying to recognize that our business can help small businesses raise money to create jobs that unfortunately Washington and the banks are not doing.”
You can watch the clip here.

I don’t know how much good it will do, but I’m excited about the initiative. And to think, before these job creation flyers, I was most excited about the return of the red holiday cups!

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