Starbucks announced a new community resilience fund to help support underserved communities in 12 major cities across the country.
The company pledged a $100 million investment to support community development projects and small businesses in Black, Indigenous and People of Color (BIPOC) neighborhoods.
In honor of Dr. Martin Luther King Jr.’s legacy, Starbucks partnered with the Smithsonian’s National Museum of African American History and Culture to share the museum’s educational resources and digital initiatives, according to the company’s press release.
“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,” said Kevin Johnson, Starbucks president and CEO. “We are excited to make this investment as it aligns with our Mission and Values and supports our aspiration to advance equity and opportunity in the communities we serve.”
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