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Bloomberg Talks

Jersey Mike's CEO Peter Cancro Talks Best Buddies International

Dec 3, 2024
Jersey Mike's CEO Peter Cancro discusses a remarkable partnership with Best Buddies International, focusing on job opportunities for individuals with intellectual disabilities. He reveals a fundraising success that generated $5.3 million and shares insights into the company’s recent $8 billion sale to Blackstone. The conversation highlights the importance of corporate culture and community engagement in driving inclusion while navigating growth. Plus, there's a lighthearted teaser about an upcoming series exploring the chicken industry's economic impact!
06:46

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Quick takeaways

  • Jersey Mike's partnership with Best Buddies International aims to provide job opportunities for individuals with intellectual disabilities, addressing a staggering 85% unemployment rate.
  • The company demonstrates that corporate social responsibility and financial success can coexist, as seen in their fundraising efforts raising $5.3 million while boosting sales.

Deep dives

Empowering Employment for Individuals with Disabilities

A significant focus of the collaboration between Jersey Mike's and Best Buddies International is to provide job opportunities for individuals with intellectual and developmental disabilities. With an astonishing unemployment rate of 85% for this demographic, the initiative aims to employ at least one Best Buddy in each of Jersey Mike's nearly 3,000 stores. This effort goes beyond mere job placement; it fosters a sense of community and belonging, allowing employees to feel valued within the corporate culture. The feedback from those involved highlights the transformative impact of this initiative, illustrating how inclusive employment can empower individuals and change perceptions within corporate environments.

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