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Mmastodon BusinessReal Estate first seen 18 h ago, last 1 h ago, peak #2

Panda Express founders launch program to help employees buy homes

Original: Panda Express's founders built a $7 billion empire. Now they're helping 55,000 employees become homeowners https://www.f

Panda Express founders Andrew and Peggy Cherng, who built the fast-food chain into a $7 billion empire, are now rolling out an initiative to help 55,000 employees become homeowners. The move is being praised as an unusually broad employee benefit in the fast-food industry, where wages and benefits are often modest, and is drawing attention as companies look for ways to support workers priced out of housing.

Why now: A major fast-food chain offering homeownership support to all of its employees is a rare and generous benefit, making the story widely shareable.

Panda ExpressAndrew CherngPeggy Cherng

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