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10,000 Small Businesses

Nominated for the 2012 Small Business Influencer Awards in:
Corporations


Goldman Sachs' 10,000 Small Businesses is a $500 million initiative with the goal to reach 10,000 small businesses across the United States through greater access to business education, mentors and networks, and financial capital. The program involves:

- contributing $200 million to local colleges, universities and other institutions for scholarships for practical skills such as accounting, marketing and human resources management

- giving $300 million in lending and philanthropic support to Community Development Financial Institutions to help business owners reach their potential to access capital

- providing advice and technical assistance to participating small business owners through partnerships with national and local business organizations, professional services firms and the people of Goldman Sachs.

Contributions

Goldman Sachs is contributing substantial money toward a private/academic partnership to spur support for small businesses. The program was announced in 2009. Small business owners are just starting to "graduate" from the program in late 2010/ 2011, with future potential to touch many more small businesses.

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