Detroit City Wire

Goldman Sachs launched the 10,000 Small Businesses program, a transformative initiative designed to equip entrepreneurs with the tools they need to thrive. The program addresses challenges small businesses face, including accessing capital, retaining talent, and scaling their operations.

The 10,000 Small Businesses program is a comprehensive investment in the future of small businesses across the United States. It provides entrepreneurs with access to education, capital, and support services to help them expand their businesses and create jobs within their communities. Delivered in partnership with community colleges nationwide, the program offers a best-in-class curriculum covering all the fundamentals necessary for business growth.

The cornerstone of the 10,000 Small Businesses program is its robust educational component. Participants engage in a hands-on curriculum that spans key areas such as financial management, marketing, and strategic planning. One significant barrier for small businesses is securing the necessary capital to expand; this program enables participants to access the funding needed to fuel their business growth. Additionally, it offers one-on-one advising and networking opportunities to build a supportive small business community that fosters long-term success.

Since its inception over a decade ago, more than 14,500 business owners have graduated from the program. These graduates represent a network of 281,000 employees and generate a collective revenue of $25 billion. The program’s graduates consistently outperform the broader economy, with 67% of them increasing their revenues just six months after graduation.

By participating in this program, small business owners can unlock new potential, drive economic growth in their communities, and ensure long-term success.

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