Empowering North Carolina Entrepreneurs with Business Education
For the past 15 years, the Goldman Sachs 10,000 Small Businesses program has successfully enabled entrepreneurs across the nation to enhance their businesses through a no-cost, practical business training initiative. This program, renowned for its effectiveness, is set to collaborate with The North Carolina Community College System to provide invaluable educational resources to small business owners in the state. The program's first cohort will convene at Cape Fear Community College, offering a robust opportunity for local entrepreneurs.
Practical Skills Tailored for Business Growth
Participants in this comprehensive program will acquire essential skills in crucial areas such as negotiation, marketing, and employee management, skills that are directly applicable to their business operations. Beyond just learning, participants will gain access to professional guidance and support that are crucial for developing a strategic and personalized growth plan, empowering them to elevate their businesses to new heights.
A Partnership Focused on Community Development
Anne Wellde, National Director of 10,000 Small Businesses at Goldman Sachs, expressed enthusiasm for this partnership: "Goldman Sachs is incredibly proud to partner with The North Carolina Community College System to bring 10,000 Small Businesses directly to entrepreneurs across North Carolina, where small businesses drive innovation, create jobs and fuel the local economy.” This initiative aims not only to educate but also to foster a thriving environment for local entrepreneurs.
Jim Morton, President of Cape Fear Community College, emphasized the vital role of small businesses in the community: "Small businesses are vital to our region, and this partnership reflects our commitment to providing entrepreneurs with the tools, training, and connections they need to grow and thrive. We are proud to help launch this initiative in North Carolina and support the leaders who strengthen our communities and economy.”
The Impact of 10,000 Small Businesses Program Nationwide
Across the United States, the 10,000 Small Businesses program has a significant impact, enabling participants to enhance their business revenues and generate jobs within their communities. Recent statistics highlight the program's effectiveness: 66% of participants noted an increase in revenues just six months after completing the program. Additionally, 44% of graduates reported successfully creating new jobs in that same time frame.
Moreover, a remarkable 85% of 10,000 Small Businesses alumni maintain business relationships with each other, reinforcing the importance of collaboration and networking among small business owners.
Access to Quality Education Without Financial Burden
Selected candidates in North Carolina will have the chance to access top-tier business education and connect with a supportive network of professionals—all at no cost to them. Classes will be conducted both in-person and online, ensuring flexibility and accessibility while being fully funded by the Goldman Sachs Foundation.
About the 10,000 Small Businesses Program
The Goldman Sachs 10,000 Small Businesses initiative is an investment designed to assist entrepreneurs in creating jobs and fostering economic opportunity. By providing a comprehensive business education program alongside access to capital and business support services, this initiative has reached over 16,000 small businesses across the United States. Its impact spans all 50 states, as well as Puerto Rico and Washington, D.C.
About Goldman Sachs
The Goldman Sachs Group, Inc. stands as a prominent global financial institution, serving a diverse client base that includes corporations, financial institutions, governments, and individuals. Established in 1869 and headquartered in New York, Goldman Sachs continues to operate in major financial hubs around the globe, delivering a broad spectrum of financial services.
Frequently Asked Questions
What is the Goldman Sachs 10,000 Small Businesses program?
The program offers free business education, access to capital, and personalized support services for entrepreneurs.
Where will the inaugural North Carolina cohort meet?
The first cohort will be hosted at Cape Fear Community College.
What skills can participants expect to learn?
Skills include negotiation, marketing, employee management, and strategic planning tailored for business growth.
Is there a cost to participate in the program?
No, all costs are covered by the Goldman Sachs Foundation, making it a free resource for entrepreneurs.
How has the program impacted businesses nationwide?
Recent data shows that many participants experience increased revenues and job creation within six months of graduating from the program.
