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July 13, 2015

Starbucks CEO Commits $30 Million to Youth Jobs Effort

The chief executive of Starbucks is spearheading an effort by major corporations to hire 100,000 young workers from minority and low-income communities over the next three years, The Wall Street Journal and The New York Times write.

Howard Schultz's family foundation will contribute $30 million to the 100,000 Opportunities Initiative, which is also backed by the Rockefeller Foundation, the MacArthur Foundation, and other big philanthropies.

The program will help unemployed nonstudent 16- to 24-year-olds find full-time jobs, apprenticeships, and internships. Microsoft, Walmart, Target, and CVS Health are among more than a dozen companies that have signed on. Funds from Mr. Schultz's foundation will support local job fairs and mentoring programs and follows his pledge of $30 million in March for programs to help returning U.S. military veterans enter the labor force.