Goldman Sachs 10,000 Small Businesses
The Goldman Sachs 10,000 Small Businesses program provides small business owners with business education, support services, and access to capital. Mike Bloomberg serves as a co-chair of the Goldman Sachs 10,000 Small Businesses Advisory Council which assists in the development, execution, and evaluation of the Goldman Sachs 10,000 Small Businesses program.
In the United States and United Kingdom, Bloomberg L.P. and Goldman Sachs employee volunteers also deliver customized training for some of the highest performing program alumni to help accelerate their growth.
Small businesses make up the majority of American jobs. They’re engines of innovation and new ideas, and they form the backbone of successful cities. We should do everything we can to help them grow.
Goldman Sachs 10,000 Small Businesses in the United States
In the United States, Goldman Sachs 10,000 Small Businesses is a $500 million program to unlock the growth and job-creation potential of 10,000 small businesses across the country through greater access to business education, financial capital, and business support services. The program is active in urban and rural communities, with nearly 17,000 small businesses served and 10,000+ small business owners having graduated from the program across all 50 states, the District of Columbia, and Puerto Rico to date.
Goldman Sachs 10,000 Small Businesses in the UK
Small businesses and social enterprises play a vital role in creating jobs and driving economic growth in the United Kingdom. In 2010, Goldman Sachs launched the 10,000 Small Businesses UK program to help these enterprises unlock their economic and job creation potential. The program is run in partnership with the Said Business School at Oxford University, the Aston Centre for Growth at Aston University, Leeds University Business School at University of Leeds, and the Manchester Metropolitan University Business School at Manchester Metropolitan University.
Goldman Sachs 10,000 Small Businesses UK brings together leaders of small businesses from across industry sectors to create unique networking and learning opportunities. Those selected to participate benefit from 100 hours of practical business and management education, delivered in three residential sessions and through online sessions. During the course of the program, every business owner develops a customized Growth Plan to direct their organization’s strategy. Goldman Sachs 10,000 Small Businesses UK is offered on a fully funded basis.
Goldman Sachs 10,000 Small Businesses in Baltimore
In 2017, Goldman Sachs and Bloomberg Philanthropies announced a five-year, $10 million commitment to expand the successful Goldman Sachs 10,000 Small Businesses initiative to Baltimore, with Johns Hopkins University its host and the Community College of Baltimore County and Morgan State University participating as providers of recruitment and educational support. The Baltimore site is the first location of the national program to partner with a four-year institution and a Historically Black College or University.
The curriculum of the 10,000 Small Businesses program includes more than 100 hours of practical, peer-learning education focused on financial management, negotiations, marketing, and other business principles. Approximately 70% of participants report increasing their revenues six months after graduating, and about half of participants report creating net new jobs in this same time period. Baltimore program alumni report a combined annual revenue of more than $340 million and over 7,000 employees.