Supporting Entrepreneurs: A New Initiative for Small Businesses
Empowering Entrepreneurs in North Carolina
The North Carolina Community College System has announced an exciting partnership with Goldman Sachs to implement the initiative 10,000 Small Businesses throughout the state. This collaboration will provide vital resources to local entrepreneurs as part of a significant national effort by Goldman Sachs, which has committed $100 million towards improving business opportunities for small businesses.
About the 10,000 Small Businesses Initiative
For over 15 years, the 10,000 Small Businesses program has successfully delivered free, practical business education along with access to capital and tailored support services, ultimately helping thousands of entrepreneurs to grow their ventures. With the recent expansion into rural areas across 20 states, North Carolina is proud to be one of the latest beneficiaries, ensuring that even those in remote areas have access to crucial business development resources.
Benefits of the Program
This program equips aspiring and existing entrepreneurs with essential skills for success in areas such as marketing, negotiation, and employee management, while also guiding them in creating personalized growth strategies. Graduates of the program gain access to a vast national network of business peers and alumni, further enhancing their opportunities for collaboration and continued development.
Statements from Key Leaders
John Loyack, Vice President for Economic Development at the North Carolina Community College System, highlighted the importance of this partnership, stating, "This partnership with Goldman Sachs reflects our system's deep commitment to supporting small businesses as the engines of North Carolina's economy. We are proud to provide a platform that connects entrepreneurs with world-class resources—especially those in underserved areas—through our extensive network of colleges."
Anne Wellde, the national director of Goldman Sachs 10,000 Small Businesses, expressed enthusiasm about the initiative: "Small businesses are the backbone of North Carolina's economy, fueling growth and innovation throughout the state. We are thrilled to introduce our education program to entrepreneurs across North Carolina, enabling them with the tools needed to thrive and create new jobs in their local communities."
Success Stories and Impact
Data from early participants in the program indicates strong positive outcomes for rural entrepreneurs, with impressive statistics reflecting the benefits of the initiative. Participants have reported a 68% increase in revenue, 60% created new jobs, 85% feel more resilient, and 68% intend to utilize the 10KSB network for further growth.
Application Information
Applications are currently being accepted through June 15 for the upcoming North Carolina cohort scheduled to begin in September. This three-month program is delivered in a flexible hybrid format and is fully funded by the Goldman Sachs Foundation, ensuring that cost is not a barrier for participants eager to enhance their business acumen.
Frequently Asked Questions
What is the 10,000 Small Businesses initiative?
It is a program launched by Goldman Sachs to provide free education and resources to entrepreneurs, helping them grow their small businesses.
Who can participate in this program?
The program is open to small business owners and entrepreneurs, particularly from rural and underserved communities in North Carolina.
How long does the program last?
The program spans three months and is delivered in a hybrid format that combines online learning with in-person sessions.
What skills will be taught in the program?
Participants will learn important skills such as marketing strategies, negotiation tactics, employee management, and how to develop a growth plan.
How do I apply for the program?
Interested entrepreneurs can submit their applications until June 15 for the North Carolina cohort starting in September.
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