Goldman Sachs 10,000 Small Businesses is an initiative launched by the global investment banking firm Goldman Sachs in 2009. The program is designed to support the growth and development of small businesses in the United States and other countries.
The initiative aims to provide entrepreneurs with access to education, capital, and business support services to help them grow their companies and create jobs. The program focuses on businesses that have a track record of growth, are poised for further expansion, and show the potential to contribute significantly to their local economies.
The core component of the Goldman Sachs 10,000 Small Businesses program is a business education curriculum delivered through partnerships with leading community colleges, universities, and other educational institutions. The curriculum covers various business topics, including accounting, marketing, negotiation, leadership, and financial management.
In addition to the education component, the program offers participants access to capital by facilitating loans through community development financial institutions and other lending partners. Goldman Sachs has committed hundreds of millions of dollars in lending capital to support small business growth.
Furthermore, the program provides business support services such as one-on-one business advising, networking opportunities, and access to a network of experts and peers. The aim is to create a supportive community and provide valuable resources to small business owners.
Goldman Sachs 10,000 Small Businesses has expanded its reach globally and has programs in several countries outside of the United States, including the United Kingdom, China, and Brazil. The initiative has been widely recognized for its efforts in supporting small businesses and has positively impacted thousands of entrepreneurs since its inception.
Janice Little, DM, LMSW
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