PORTLAND, Ore. (AP) — Starbucks hopes customers will be pay at least $5 more when they stop in for their morning cup of Joe.
Starting Nov. 1, Starbucks will begin collecting donations of $5 or more to stimulate U.S. job growth through its “Jobs for USA” program. The Seattle-based chain is collaborating with the Opportunity Finance Network, a nonprofit that works with nearly 200 community development financial institutions to provide loans to small businesses and community groups. Starbucks says all of the donations will go toward loans for firms and organizations that can add jobs or stem job losses.
Starbucks declines to estimate how much it will raise, but millions visit its nearly 7,000 company-owned U.S. stores each day. Customers who give will get a red, white and blue wristband that says “Indivisible.”