04/03/2012 12:42 pm ET Updated Apr 03, 2012

Starbucks 'Google Offers' Deal: Half Price Gift Cards Will Benefit 'Create Jobs For USA' Fund

Google Offers will sell $10 Starbucks gift cards for the price of $5 on Wednesday in a deal available only to those who have subscribed to Google's Groupon-like deals site that went live in Portland last April and has since expanded to more than 40 cities.

Google Offers subscribers will be able to purchase the half-price Starbucks cards starting Wednesday morning, according to a press release posted by Google Commerce.

In an effort to further sweeten the deal, up to $3 million spent on the gift cards will go to the "Create Jobs for USA" fund established last year by Starbucks CEO Howard Schultz and a group of private investors.

Google is latest company to support the "Create Jobs for USA" fund, which aims to provide loans to community businesses so they can hire more workers, according to Reuters. Schultz said he started the fund in part because he believes national leaders in Washington have yet to provide sustainable solutions for unemployment.

"We can't wait for Washington. We need to do more on our own," Schultz told Reuters.

Since launching in October 2011, the fund has raised more than $7.5 million dollars, an amount Schultz said could generate enough loans to create as many as 3,800 jobs.

Check out CBS' interview with Schultz' about the fund below:

Flickr photo by koalazymonkey

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