The funds will be used to help create and sustain jobs in underserved communities nationwide. Since its inception, the Create Jobs fund has raised more than $11.5 million, which in turn has leveraged some $80 million in financing for community businesses, helped support more than sixty community development financial institutions, and assisted in the creation and retention of an estimated four thousand jobs.
Citigroup also announced that on Saturday, June 16, nearly fifteen thousand of its employees took part in its annual Global Community Day. Participants in the event also wore wristbands created by Starbucks in support of the Create Jobs initiative.
"In these troubling economic times, we believe that we can all do our part to help make a positive impact on the jobs crisis facing our country," said Starbucks chairman, president, and CEO Howard Schultz. "The Create Jobs for USA program is helping thousands of Americans get back to work, and we thank Citi and the other like-minded companies who have refused to be bystanders and instead opted to use their success and scale for good. The Create Jobs for USA Fund is enabling Americans to unite in helping Americans get back to work, and the Indivisible collection provides several new ways for our customers to show their support."