Last Call for Chicago’s Small Business Owners to Enroll in City Treasurer’s and Goldman Sachs “10,000 Small Businesses” Program

 

Last Call for Chicago’s Small Business Owners to Enroll in City Treasurer’s and Goldman Sachs “10,000 Small Businesses” Program

13-Week Program Designed to Strengthen and Grow Small Businesses, Create Jobs, & Gain Access to Capital

Chicago – City Treasurer Melissa Conyears-Ervin reminded entrepreneurs that June 6th is the last day to apply for enrollment in the fall session of the Goldman Sachs “10,000 Small Businesses” financial education program. The program is geared to small businesses that are looking to gain access to affordable capital and learn practical skills that will help them to grow their business. This innovative, structured, and intuitive, 13-week program, of which the Chicago Treasurer’s Office (CTO) is a partner, will begin in September and end in December, meeting weekly and in-person at Harold Washington College.  

“The CTO is delighted to partner with Goldman Sachs in this hugely important effort to help small businesses grow,” said City Treasurer Conyears-Ervin. “Small businesses are the backbone of our economy, and this will help them expand, create jobs, and enable more Chicagoans to build wealth and achieve financial stability and oftentimes, serve as pillars in our 77 communities. It’s a classic win-win for entrepreneurs, our city, and its residents.”

The program will accept enrollment applications from business owners, now through the Tuesday, June 6th deadline for the fall program. There is no cost for business owners to participate.  All the participating business owners will meet in-person on Fridays from 8:30am to 5:30pm and are assigned a business advisor that they will work with consistently throughout the program.

To qualify, applicants:

•          Must be the owner/co-owner

•          Have their business in operation for at least 2 years

•          Generate business revenues of at least $75,000 in the most recent fiscal year

•          And have a minimum of 2 full-time employees (can include the owner).

To apply, visit “Goldman Sachs 10,000 Small Businesses.”   

"Goldman Sachs 10,000 Small Businesses is excited to work with the CTO to give small businesses access to the tools and resources they need to grow their revenue and create jobs at rates that outperform the broader economy," said Audria Green Hawkins, Outreach Director, Goldman Sachs “10,000 Small Businesses.” She added: “Small business owners will receive a world-class business education and connections to a professional support network at no cost.”

Add 1/CTO & Goldman Sachs Business Education Program

The program offers participating business owners one-on-one business advising and expert guidance from Goldman Sachs “10,000 Small Businesses” professionals. In addition to these services, Goldman Sachs 10ksb network of Community Development Financial Institutions and other mission-driven lenders will be available to help owners obtain loans and secure capital.  And Goldman Sachs 10ksb network of business leaders, advisors, and trained faculty will share expert advice on topics such as negotiation, marketing, employee development and management, and more. The goal is to help entrepreneurs develop a customized business growth plan that will enable them to grow — all at no cost to the entrepreneur.   

The Goldman Sachs “10,000 Small Businesses” curriculum was designed by Babson College, one of the nation’s leading entrepreneurship schools.  Six months after completing the program, 72% of its graduates had increased revenues and 50% created additional jobs.  

For the Goldman Sachs “10,000 Small Businesses” application and additional information please click here. To review a “10,000 Small Businesses” video, visit YouTube.   For a schedule and complete list of the CTO’s upcoming free financial education programs, videos, tips, and additional information for building a more prosperous future, visit the City Treasurer’s Office.  

 

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