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Starbucks Community Resilience Fund Pledges $100 Million for Black Community
By Bertram Keller Contributing Writer
Published February 4, 2021
Starbucks Community Resilience Fund Exclusively Pledges $100 Million to Advance Small Business Growth and Community Development Projects in Black Community.
The Seattle-based company, Starbucks, has created the Starbucks Community Resilience Fund as of January 12, 2021, the franchise has committed to invest $100 million over the next four years to support small businesses and community development projects in areas mostly populated by Black, Indigenous and People of Color (BIPOC).
Starbucks’ financial initiative intends to focus on 12 U.S. metropolitan areas, such as, Atlanta, Detroit, Houston, Los Angeles, Miami, Minneapolis, New Orleans, New York City, Philadelphia, San Francisco Bay Area, Seattle and Washington D.C.
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The coffee company is expanding on its equity and inclusion initiatives.
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Zoe Giles is a star. Nam Y. Huh/AP
Starbucks started a new community resilience fund to help support underserved communities in 12 major cities.
The Seattle-based coffee company announced the launch of the Starbucks Community Resilience Fund on Wednesday, which will invest $100 million by 2025 to help advance racial equity and environmental initiatives through development projects in Black, Indigenous and People of Color (BIPOC) communities. Starbucks has always been a company focused on caring for our partners, creating experiences for our customers and playing a positive role in our communities and throughout society, Starbucks president and CEO Kevin Johnson said in a statement. We are excited to make this investment as it aligns with our Mission and Values and supports our aspiration to advance equit