Goldman Sachs 10,000 Small Businesses recently announced the initiation of a new partnership with JobsOhio, the state's private economic development corporation, to support business growth for small businesses in the state.

Through this new partnership, Goldman Sachs 10,000 Small Businesses will leverage JobsOhio's partnerships and programs to connect entrepreneurs across the state with their initiatives.

Jon Husted, Ohio Lt. Governor, pointed out in a press release:

This new partnership between JobsOhio and Goldman Sachs 10,000 Small Businesses provides the opportunities and resources essential in ensuring continued growth for small businesses across the state.

About the Program

With the goal of giving small business owners practical skills to take their business to the next level, with topics like financial statements, negotiations, and marketing, 10,000 Small Businesses offers these business education modules at no cost.

The initiative is supported by several community and technical colleges across the state to offer the program locally, including Cuyahoga Community College, Columbus State Community College, Cincinnati State Technical and Community College, and Sinclair Community College.

JobsOhio will work closely with Goldman Sachs to recruit small businesses to the program, especially diverse businesses.

“Small businesses are vital to Ohio’s economy, and setting them up for success is a critical part of helping our local communities thrive,” added Husted.

Background

Nationwide, more than 13,600 companies have graduated from the Goldman Sachs 10,000 Small Businesses program, more than 1,000 from Ohio, representing more than $1.3 billion in revenue and nearly 16,600 jobs.

Six months after completing the program, 66% of alumni report increases in income, and 44% report new job creation.

“Goldman Sachs knows that small businesses are critical to economic growth, and with our program, will help unleash their power. We are excited about this partnership with JobsOhio, which has the network of business and industry partners needed to extend the reach of this important program,” noted in a statement Jessica Taylor, national director of Goldman Sachs 10,000 Small Businesses.

Thank you, @RepScholten for meeting with our #10KSmallBiz alum on their challenges and opportunities as small business owners. https://t.co/lhrgOXjx6c

— 10,000 Small Businesses (@GS10KSmallBiz) May 8, 2023

As program graduates seek access to capital, this partnership positions them well for additional resources, including the JobsOhio Inclusion Scholarship or other programs offered through the Ohio Department of Development.

“This partnership with Goldman Sachs 10,000 Small Businesses is a critical component to our inclusion growth strategy that complements our vision of an Ohio where every entrepreneur has access to resources and support to grow their business,” said J.P. Nauseef, JobsOhio president and CEO, in a press release.

Application deadlines for upcoming programs are as follows:

• Cuyahoga Community College, June 6, 2023.
• Columbus State Community College, June 9, 2023.
• Cincinnati State Technical and Community College, Fall 2023.
• Sinclair Community College, Winter 2024.

“With this partnership, we are connecting small businesses to the resources they need to strengthen economic diversity and resilience within Ohio’s economy,” highlighted Nauseef.