This program is designed to give local small business owners across the New York City metropolitan area resources to grow.
Goldman Sachs 10,000 Small Businesses helps small businesses create jobs and economic opportunity by providing entrepreneurs with greater access to business education, financial capital and business support services. Participants in the program will gain practical business knowledge and skills that can be put to work immediately, such as contract negotiation, marketing, accounting and people management.
Program Highlights -The program has 3 components
1. Business Management Education - Participants receive a practical business and management education delivered through partnerships between LaGuardia Community College
the Wharton Business School and Babson College . While enrolled in the program, participants develop a customized growth plan for their business.The class meets 11 times over the course of a 15 week period. Classes are typically 1 full day every other week. The program is taught by subject matter experts The program is likened to an executive MBA but highly practical, hands on and implementable.
2. Business Support Services - Participants receive one-on-one business advising from dedicated professionals to help them develop a strategic and tailored plan for growth. Additional support services are offered to participants through partnerships with national and local business organizations, professional services firms and the people of Goldman
Sachs. Networking opportunities are also offered.
3. Access To Capital (non mandatory) - Participants are given the opportunity and tools to position their businesses to access loans. Business owners have the option to apply for a loan only if they have been denied access from a traditional lender (i.e. a bank)