Starbucks $10 million investment generates loans for Chicago entrepreneurs
The investment is expected to help finance more than 500 loans to foster growth in small business, support community development projects and create more jobs in Chicago’s underserved communities.
Today, Starbucks said it will invest $10 million in Chicago entrepreneurs to drive economic opportunity in the city’s underserved neighborhoods.
The investment will be dispersed among Accion Chicago, Chicago Community Loan Fund (CCLF), Local Initiatives Support Corporation (LISC) and IFF — four established Community Development Financial Institutions (CDFI) that drive economic opportunity in the city’s neighborhoods, especially within those with little access to the flexible, affordable capital that entrepreneurs need.
The investment is expected to help finance more than 500 loans to foster growth in small business, support community development projects and create more jobs in Chicago’s underserved communities.
Links: Starbucks Press Release and Starbucks Story
