Chicago entrepreneurs will have a new opportunity to develop their small business, thanks to a structured, intuitive, innovative, business education program through a partnership between the Chicago Treasurer’s Office (CTO) and Goldman Sachs 10,000 Small Businesses. The 15-week business education program will help entrepreneurs gain access to capital and learn practical skills across a broad range of topics. The program is available at no cost to the small business owner.
“The CTO is delighted to be part of another financial education program that will help entrepreneurs and small business owners prosper and help build strong sustainable communities, and long-term wealth,” said Treasurer Conyears-Ervin.
The program will accept enrollment applications from business owners from Feb. 1st through the June 6th application deadline for the Fall program that will begin in September 2023.
· Must be the owner/co-owner
· Business in operation for at least 2 years
· Business revenues of at least $75,000 in the most recent fiscal year
· 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 be partnering with the CTO to help provide small businesses with access to the tools and resources needed to grow their revenues and create jobs at rates that outperform the broader economy,” said Audrina Green Hawkins, Outreach Director, Goldman Sachs 10,000 Small Businesses.
The CTO will recruit and enroll growth-oriented entrepreneurs in the program from across the entire city. Participating business owners will receive one-on-one business advising and expert guidance from Goldman Sachs professionals. In addition to these services, business owners unable to obtain traditional loans and other sources of credit will have access to Goldman Sachs’ network of CDFIs and other mission-driven lenders for help securing capital –at no cost to participants.
In addition, entrepreneurs will have access to a network of business leaders, advisors, trained faculty, and other small business owners, who will share expert advice and information on topics such as financial statements, negotiation, marketing, and employee management. The goal is to help them develop a customized business plan that will enable them to grow — all at no charge.
The “Goldman Sachs 10,000 Small Businesses” was designed by Babson College, one of the nation’s leading entrepreneurship schools. After six months of completing the program, 72% of its graduates had increased revenues and 50% created additional jobs.
For a program application and additional information please click here, and to review a “10,000 Small Businesses” video visit YouTube. For a schedule and complete list of the CTO’s free financial education programs, videos, tips, and additional information for building a more prosperous future, visit the City Treasurer’s Office.