On January 25, 2013 Goldman Sachs and LaGuardia College hosted its 7th, 10,000 Small Businesses Funders Panel and invited Kim Wales, the founder of Wales Capital, a thought leader in Crowdfund Investing as a panelist.
Goldman Sachs 10,000 Small Businesses is a five-year initiative to unlock the growth and job creation potential of 10,000 small businesses across the United States through greater access to business education, financial capital, and business support services. The initiative is currently active in New York City, the greater Los Angeles area, the greater New Orleans area, and Houston, and will expand to communities across the country.
10,000 Small Businesses is designed to help firms grow and create jobs. Small businesses play a vital role in creating jobs and growth in America’s economy and during the past 40 years, small businesses have created two-thirds of the net new jobs in the country. According to the National Federation of Independent Business (NFIB) and other research, these businesses are essential assets for the communities in which they operate.
Eligible Small Businesses
The program is designed for underserved small businesses which have the potential to grow. Broad characteristics of qualifying business owners include, but are not limited to: business revenues between $150,000 to $4 million in the most recent fiscal year; in operation for at least two years; at least four full-time employees; operations in economically disadvantaged areas; and a business model that can scale to create more jobs NYC Business Express. An online source, NYC.gov/BusinessExpress, takes the edge off of obtaining licenses, permits and certifi cations. At this continually updated website, entrepreneurs can fi nd step-by-step instructions for meeting all of those pesky government requirements. — Phyllis Furman
For more information, Goldman Sachs 10,000 Small Businesses