Franchise News
Starbucks Shows Support for Chicago With $10 Million Investment
Chi-town is feeling the love from Starbucks.
While many businesses have been recently investing in the latest technology, Starbucks is instead choosing to invest in communities. According to Restaurant Business, Starbucks plans on investing $10 million to a group of community development organizations in Chicago.
The whopping $10 million will be divided among four organizations whose focus is to drive economic opportunities in Chicago’s underserved communities: Accion Chicago, Chicago Community Loan Fund (CCLF), Local Initiative Support Corporation (LISC) and IFF. The investment couldn’t have come at a better time, as the Seattle-based coffee chain plans to open the Starbucks Reserve Roastery on Chicago’s Magnificent Mile this November 15. According to Restaurant Business, the investment is expected to fund more than 500 loans to small businesses in the Windy City.
“We know our business performs at its best when the communities we serve are thriving,” said Starbucks CEO Kevin Johnson, according to Restaurant Business. “This sustained investment will provide borrowers who often face barriers with access to capital and mentorship to grow their business and create more jobs in Chicago.”
Starbucks isn’t the only business that’s getting in the season’s giving spirit––Noodles & Company announced that it will give back to its communities by hosting local fundraisers across the country for National Day of Giving on December 3, 2019.
Starbucks is stepping into the holiday season with the giving state of mind––and this writer is here for it.
To read the full article, click here.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
