Starbucks Teams up with Opportunity Finance Network to help create jobs

In November, Starbucks teamed up with the Opportunity Finance Network, a membership network of more than 180 Community Development Financial Institutions (CDFIs) that provides loans and counseling to community businesses on the Create Jobs for USA Fund. Since November 2011 the fund raised about $2 million, helping to create or retain more than 2,300 jobs, many in poor communities.

The Create Jobs for USA program also provides capital grants to select CDFIs. These groups, in turn, provide loans to underserved community businesses like microenterprises, nonprofit organizations, commercial real estate ventures and affordable housing firms. The goal of Create Jobs for USA is to bring people and communities together to create and sustain jobs throughout America.

Starbucks Founder Howard Schultz makes good on his promise to invest in small business programs.

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