Starbucks Calls for Boosting BIPOC Small Businesses

The transcript discusses the challenges faced by small businesses in BIPOC communities during the pandemic, highlighting the need for support and investment. It explores Starbucks' involvement in community support and the broader issues of underinvestment in these areas. The Biden administration's focus on minority-owned businesses is also discussed, emphasizing the importance of local community input in addressing these challenges.

What was one of the main challenges faced by small businesses in BIPOC communities during the pandemic?

• High employee turnover

• Shutdowns and need for alternative investments

• Increased competition

• Lack of customers

Why does Starbucks support small businesses in the communities they operate in?

• To expand their store locations

• To ensure a thriving community for their customers and partners

• To increase their profits

• To reduce competition

What are some of the broader issues faced by underinvested communities according to the transcript?

• Lack of education

• Poor transportation

• Environmental issues and racial injustice

• High taxes

What is one of the priorities of the Biden administration regarding small businesses?

• Focusing on technology startups

• Supporting Latino and Black owned businesses

• Reducing taxes for large corporations

• Increasing import tariffs

How can local communities contribute to addressing their needs according to the transcript?

• By reducing business hours

• By increasing local taxes

• By advising both public and private sectors

• By organizing protests