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Starbucks, home of the $4 latte, is moving into poor areas

4 months 1 week 4 days ago Thursday, January 16 2020 Jan 16, 2020 January 16, 2020 5:13 PM January 16, 2020 in News - AP Texas Headlines

By DEE-ANN DURBIN
AP Business Writer

DETROIT (AP) - Starbucks, the home of the $4 latte, is expanding a program to open coffee shops in poor neighborhoods. The Seattle-based company plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will have event space, and Starbucks will work with local United Way chapters to offer programs like youth job training. Starbucks has opened 15 community stores since it announced the project  2015, including ones in Ferguson, Missouri, and New Orleans. The company says the stores are profitable and feature the same menu and similar prices as regular Starbucks.

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