Starbucks Community Resilience Fund
Advancing racial equity and environmental resilience
$100 million to support more equitable and resilient communities
In early 2021, Starbucks announced its commitment to invest $100 million through the new Starbucks Community Resilience Fund. The fund focuses on advancing racial equity and environmental resilience by supporting small business growth and community development projects in neighborhoods with historically limited access to capital.
In partnership with community leaders, Community Development Financial Institutions (CDFIs), and other impact-focused financial institutions, the fund will help provide access to capital intended to support small businesses and neighborhood projects, including those addressing the inequitable impacts of climate change.
How we supported
Mission Driven Finance is honored to be working with our friends at Next Street, a New York-based small business consulting firm and fellow Certified B Corporation, to support Starbucks in activating its Community Resilience Fund.
Mission Driven Finance and Next Street helped to operationalize Starbucks’ plans and underwrite investments into Community Development Financial Institutions (CDFIs) and other impact-focused financial institutions to advance racial equity and environmental resilience. In addition to underwriting these lenders for their ability to support Starbucks Community Resilience Fund goals, Mission Driven Finance and Next Street will also assist with portfolio management and impact measurement for the fund.
What does the fund do?
Advance racial equity and environmental resilience by supporting businesses and projects that address those challenges
Contributes to local economies to recover, rebuild, and hire in their community
Increase the flow of capital to neighborhoods with historically limited access to capital
More about Starbucks
From the beginning, Starbucks set out to be a different kind of company, guided by a belief that the pursuit of profit is not in conflict with the pursuit of doing good. Starbucks also knows that small businesses are key to healthy communities. From a $100 million investment in its Community Resilience Fund to working with hundreds of vendors of all sizes and categories within its supply chain, Starbucks is committed to dedicating resources to supporting small businesses and strengthening the communities it serves.
Meet the CDFIs
- ACE | Access to Capital for Entrepreneurs, Inc. (Atlanta, GA)
- Accion Opportunity Fund (National)
- Black Business Investment Fund (BBIF) (Miami, FL)
- IFF (Detroit, MI)
- Pacific Community Ventures (PCV) (Los Angeles and San Francisco Bay Area, CA)
- PeopleFund (Houston, TX)
- TruFund (Atlanta, GA; Houston, TX; New Orleans, LA; New York, NY)