Retail

Starbucks pledges $100 million to help small businesses, communities

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Kevin Johnson, CEO, Starbucks

Scott Mlyn | CNBC

Starbucks is starting a $100 million fund aimed at investing in community development projects and small businesses in areas populated by Black, Indigenous and people of color.

The company’s Community Resilience Fund is part of a broader plan to step up its commitment to racial and social equity, particularly in the communities where it operates cafes. In June, as Black Lives Matter protesters took to streets to push for an end to racism and police brutality, Starbucks pledged $1 million in neighborhood grants from its foundation, joining numerous companies that said they would give money to fight against racism. Starbucks ultimately ended up…



Source cnbc.com

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