Starbucks Create Local Jobs
Working with the community leadership of Ferguson, Starbucks launches a longterm effort to create local jobs, provide training opportunities for youth, and invest in local minority-owned businesses New store marks a key milestone in Starbucks ongoing commitment to open stores in at least 15 diverse, low- to medium-income communities by 2018
F
ERGUSON, MO( April 29, 2016) – Starbucks( NASDAQ: SBUX) today unveiled its first store in Ferguson, Missouri as part of a national plan to provide local jobs, create training opportunities for youth, and support efforts to rebuild and revitalize communities. Starbucks plans to open similar stores in at least 15 low- to medium-income communities across the U. S. by 2018. With an estimated 5.5 million young Americans not in school or at work, the majority of whom live in some of the country’ s most diverse, yet underserved communities, Starbucks aims to make a long-term impact by opening stores that will help provide a tangible boost to the local economy and bring meaningful jobs.“ We’ ve long considered how we can help deliver social impact in ways that drive our business forward,” said Rodney Hines, Starbucks director of Community Investments for U. S. Retail Operations.“ We have always seen investments in the communities where Starbucks partners live and serve as investments in our business and brand. As we got to know the Ferguson community over the last year, we heard incredible stories of strength, empathy and understanding. We also heard loud and clear the need for business leadership and investment in the form of new jobs and training opportunities, particularly for young people. That’ s why we are proud to be here with the