BlogHer is partnering with the folks at Starbucks and Opportunity Finance Network to get the word out about the new “Create Jobs for USA” initiative that will launch on November 1st.
Check out this post by Lisa Stone – Here’s how we can Blog Americans Back to Work.
Here’s how BlogHer explained it.
Starbucks is donating five million dollars to seed a fund at the Opportunity Finance Network, which in turn will provide capital grants to select Community Development Financial Institutions (CDFIs). The CDFIs will provide loans to underserved community businesses, including: small business loans, community center financing, housing project financing and microfinance.
Beginning November 1st, you may donate to this fund through the createjobsforusa.org website, or at Starbucks, and 100% of your donation will go directly to the fund. Donors who contribute $5 or more will receive a red, white and blue wristband with the message “Indivisible.” Every $5 donation will result in $35 in financing to support community businesses, because the CDFI lenders will issue $30 in financing, on average, for each $5 donation. You can read about some of the fantastic success stories at the Create Jobs for America site.
I don’t know about your family, but this economy is having a profound adverse effect on my family. I’m proud of BlogHer for lending their support and their blogging network to spread the word about this project. I hope you will consider giving $5 to this fund.