Creating opportunities beyond the $4-latte crowd.
Starbucks heard one consistent request from employees, says Jane Maly, head of its donation program: give away leftover food. To respond, Starbucks teamed with Feeding America to develop the infrastructure to do so—including donating refrigerated vehicles and employee costs—with the goal to deliver 50 million meals by 2021 to local food banks.
That’s just one way Starbucks has focused on boosting struggling communities. It’s also opening 15 stores in low-to-medium income urban areas, like Jamaica, Queens and Ferguson, Missouri. Five are expected to open this year, with each store hiring 40 new employees. It’s part of broader goal of working with over 40 other companies, including JPMorgan Chase and Microsoft, to employ 100,000 disadvantaged youth by 2018.
Economic Opportunity/Financial Inclusion
Hotels, Restaurants & Leisure
Howard D. Schultz
|Revenues ($M) (Last Fiscal Year)||$19,163|
|Profits ($M) (Last Fiscal Year)||$2,757|
|Market Value ($M)||$81,572|