Capital One — while they’re not one that’s often discussed on this website since they’re a bank, but they’re helping to give back to the food/hospitality industry, so it’s worth a mention. What they have going for them is something that’s called Power of 10, and I’m here to shed some light on it and how they’re giving back during this time of need.
Power of 10?
Power of 10 is fueled by Capital One for starters. According to information that was sent to me via email, “for $10,000 a week, a restaurant can employ 10 full-time staff and make 1,000 well-balanced meals for those in need. To date, the effort has mobilized these resilient restaurateurs, re-employed their staff, and served approximately 20,000 meals.”
Andy Navarrete, Head of External Affairs, Capital One Financial has stated that “Capital One is proud to support The Power of 10, an extraordinary initiative started in our hometown, and to help expand this innovative program to eight cities across the country. Restaurants play a vital role in unifying the communities we serve, and we were eager to do our part to help in this urgent and unprecedented time of need. We are grateful for the opportunity to work with Erik and The Power of 10 to support restaurants, bring restaurant workers back to work, and provide food access to those on the frontlines of our country’s fight against the COVID-19 pandemic.”
The thing is, even if restaurants don’t want to acknowledge that they’re struggling, it’s quite obvious by the amount of places that have already had to shut their doors forever and ever. It’ll be quite some time for us to get back to going to our favorite spots, but in the meantime, if there’s a way to support them, go for it.