Goldman Sachs 10,000 Small Businesses program

Goldman Sachs 10,000 Small Businesses program

If you’re a small business owner or an entrepreneur and you've not heard about the fantastic Goldman Sachs 10,000 Small Business service, this write-up will be of great importance to you. You’re going to be learning about the Goldman Sachs Group and their fantastic services.

The Goldman Sachs Group

This is an American finance company that is multinational. It engages in investment management, securities, global investment banking, and other financial services, mainly with institutional customers.

The Goldman Sachs Group was founded in 1869. Their headquarter is in Lower Manhattan, New York City. They have various offices in different international financial centers. The company offers mergers and acquisitions advice, asset management, underwriting services and prime brokerage, to its customers, which include individuals, corporations, and governments. The company is also involved in private equity deals and market making. They are among the main dealers in the American Treasury Security Market.

Goldman Sachs 10,000 Small Businesses Services

This is an investment aimed at helping entrepreneurs to create economic opportunity and jobs by offering greater access to capital, education, and business support/help services. With over 30 sites across the US and the United Kingdom, Goldman Sachs 10,000 Small Businesses services have served more than 6,100 entrepreneurs and small business owners. Their program has covered businesses from almost all the 50 states in America, and it has led to an immediate and sustained growth in business for the program alumni.

This philanthropic initiative by Goldman Sachs was launched in November 2009. It has pledged $500 million to aid various small businesses in the US and the UK. Their principal aim is to provide assistance to 10,000 small businesses. The assistance ranges from business education, mentoring and management to business support services and capital access. Goldman Sachs program's advisory council includes CEO Lloyd Blankfein, Harvard Business School professor Michael Porter, and Berkshire Hathaway's Warren Buffett. According to Goldman Sachs Company, the small business investment initiative had been developing a year before its initial launch. It is modeled after its initiative for 10,000 Women, which has aided in educating female entrepreneurs in over 40 countries. According to a report done by Babson College in January 2013, 63.7 percent of those participating in the program in the US, reported an improvement in revenue and 44.8 percent were given new jobs following graduation.

Under the initiative plan, Goldman Sachs Company will offer $200 million to pay for entrepreneurs and small-business owners to get a business education and management mentoring at local community colleges. In addition to that, the program engages in allocating $300 million in grants and loans to small businesses. The first program was held at LaGuardia Community College Queens, in New York.

As of September, in the year 2013, entrepreneurs and small business owners all over the 50 states in the US, can apply to the investment program via online curriculum or at one of the sites in community college. Mentoring and networking will be provided through partnerships with local and national business organizations, as well as Goldman Sachs employees.

In 2010, Goldman Sachs Company launched 10,000 Small Businesses in the UK. This is offered in Yorkshire, the Midlands, the North West, and London. Its partners include Leeds University Business School, Saïd Business School (University of Oxford), Manchester Metropolitan University Business School, University College London (UCL), and Aston Business School.

CONCLUSION:

As a small business owner or entrepreneur, Goldman Sachs 10,000 Small Business service is an amazing option meant for the growth and expansion of your business. Try their service today, and you will be most glad you did.

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