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Photo: Community First Fund borrower Armando Martinez of Roxy’s in Harrisburg.

 

Goldman Sachs wants to help minority business owners

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Goldman Sachs’ 10,000 Small Businesses program (10KSB) wants to create a diverse league of entrepreneurs — not for statistics’ sake, but to put more businesses in Philadelphia that capacity to expand and grow.

Good news: Sachs is now looking for its next class, but the deadline is coming up quick.

10KSB has partnered with the Community College of Philadelphia to offer a rigorous program: “Participants can expect one-on-one business coaching, legal and financial clinics, workshops, and a dynamic network of peers and experts. Small business owners also will learn to identify and evaluate opportunities, embrace practices that increase business growth, and ultimately develop a comprehensive growth plan for their businesses.”

Oh, and it’s free if you’re accepted. That’s right.

Maybe you’re thinking: Oh, I’d never qualify for something like that. Are you the owner or co-owner of a business? Has your business been around for at least two years? Were your revenues over $150,000 in the most recent year? Do you have at least four employees? Even modest small businesses can fit those criteria.

Recently, Goldman Sachs also partnered with the Opportunity Finance Network to provide better access to capital for minority-owned businesses.

Immigrant and Latino entrepreneurship is booming across the country right now, and Philadelphia is no exception. To learn more about what the program has done for other Latinos business owners in the area, check out our short Q&A with a 10KSB graduate.

The application deadline is June 15. The program will begin in September. For more information and how to apply, visit the 10KSB website.

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