Goldman Sachs is expanding its 10,000 Small Businesses program to Dayton.
The financial giant’s free program, supported by a $15 million commitment from its foundation, will mean entrepreneurship training in Dayton, working with Sinclair Community College. This brings program’s total commitment to $30 million in Ohio, according to Goldman.
Goldman stated in a press release that the program gives free practical business education through which participants will develop a business growth plan to help them increase revenue and hire new employees. The program helps small businesses understand how to access capital to increase opportunities for growth. Business advising and networking will be offered to participating small business owners through partnerships with community-based and national business organizations.
Goldman Sachs 10,000 Small Businesses is also launching regional hubs in Columbus and Cincinnati and already has a Cleveland program.
Applications are open and available at 10ksbapply.com/Ohio. Applications are due on July 5.
“Small businesses are the backbone of wealth and job creation in our community. We’re excited that 10,000 Small Businesses will be working with Sinclair Community College to bring new resources and training to entrepreneurs in Dayton,” Mayor Nan Whaley said in a statement.
Additionally, Goldman Sachs 10,000 Small Businesses is working with OneFifteen, an addiction treatment and recovery nonprofit in Dayton by Kettering Health Network, Premier Health, and Verily, which is a Google sister company.
The Goldman Sachs program and OneFifteen “will seek to support the recovery and redevelopment of the region by connecting people who are in recovery with workforce training opportunities to better secure job opportunities.
Goldman states that 67 percent of graduates of the program see revenue growth six months after completing the program and 47 percent report creating new jobs six months after completing the program.
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