Goldman Sachs has undertaken a 10,000 Small Business initiative for Houston. Congresswoman Sheila Jackson Lee welcomed this move drawing support from area business leaders.This initiative is meant to help local businesses expand, grow, create more jobs and stimulate economic growth by enhancing the availability of millions of dollars for the growth of small businesses. Additional grants will also be provided to small business owners so as to subsidize business education.
Congresswoman Sheila Jackson Lee says, “I am very pleased that Goldman Sachs has chosen Houston as the next site for 10,000 Small Businesses.” In this difficult economic time, investment in local businesses will help create jobs and will goad the economy as already millions of dollar grants are being deducted from the federal budget.
The initiative of Goldman Sachs for 10,000 Small Business has three resources on offer – business skills training, access to capital, mentors and networks. A network of local Houston partners will help in customization and delivery of the program.
- 10,000 Small Businesses and management education program is being delivered by Houston Community College (HCC).
- 10,000 Small Business owners will be privileged to support the Houston Hispanic Chamber of Commerce (HHCC) in holding economic development and capital clinics.
- 10,000 Small Businesses will support Greater Houston Partnership (GHP) for analyzing local capital and lending market for small businesses.
- 10,000 Small Businesses will support University of Houston Small Business Development Center Network (UHSBDC) so as to provide technical assistance and extension of loan packages for small businesses.
Support to 10,000 Small Businesses is a $500 million initiative that is going to unlock job creation and growth potential of 10,000 small business all over the US with greater access to financial capital, business support services and business education. This is based on broadly held view that the combination of capital, education and support services would end barriers to small businesses growth. Goldman Sachs is also operating in New York, Greater Los Angeles and New Orleans in addition to Houston.
The support provided to 10,000 Small Businesses is being modeled based on Goldman Sachs 10,000 Women initiative so as to deliver management skills and business education to women and help them create more jobs and community growth based on microloans for women that are being offered.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to