Create Jobs for AmericaTuesday, November 01, 2011
BlogHer is partnering with the folks at Starbucks and Opportunity Finance Network to get the word out about the new "Create Jobs for USA" initiative that will launch on November 1st.
Starbucks is donating five million dollars to seed a fund at the Opportunity Finance Network, which in turn will provide capital grants to select Community Development Financial Institutions (CDFIs). The CDFIs will provide loans to underserved community businesses, including: small business loans, community center financing, housing project financing and microfinance.
What can you do to help?
Beginning November 1st, you may donate to this fund through Create Jobs for USA, or at Starbucks, and 100% of your donation will go directly to the fund. Donors who contribute $5 or more will receive a red, white and blue wristband with the message “Indivisible.” Every $5 donation will also result in $35 in financing to support community businesses, because the CDFI lenders will issue $30 in financing, on average, for each $5 donation.
I know I'll be donating the next time I make a latte run. Make sure you do too!
Create Jobs for USA
I have a formal relationship with BlogHer, but have not been paid for this post in any way, nor do I benefit from this post. I just think it is great that BlogHer and Starbucks are pairing up for such a great cause!