Story By Kelli Reynolds/Staff Writer/@kellidelrae
The deadline to apply for Goldman Sachs 10,000 Small Businesses program for the Fall session is Wednesday, May 18, and the program runs from August through December.
Goldman Sachs is a college advancement and economic development program designed to enhance small businesses by working with participants on reinforcing the practical skills needed to advance their business officials said. The program is available to LBCC students and others in the community who have been in business at least two years and have a minimum of four employees.
Vivian Shimoyama, regional executive director, said LBCC is the Southern California Regional Center for the Goldman Sachs 10,000 Small Businesses program.
“Business-owner graduates are making an impact on job creation in our region. In Southern California, we have over 680 small businesses that have graduated from the program and are the largest Sachs alumni group in the nation,” Shimoyama said.
The program provides a skill set immediately translatable into the workplace such as marketing, negotiation and employee management she said. Participants receive the education, tools and business advisory services to develop a calculated growth plan that will advance their business, resulting in increased revenue and creation of jobs, according to the program website.
The program has an impact on business owners who have taken the course. Through a recent report from Babson College, Stimulating Small Business Growth Progress Report on Goldman Sachs 10,000 Small Businesses, over 84 percent of graduates collaborate with program participants, 76 percent of participants increased revenue in 18 months after graduation and 57.1 percent of participants added new jobs 18 months after graduation.
The program consists of over 14 all-day sessions and about 100-200 hours in the classroom.
Graduates said business owners have the opportunity to work and learn from LBCC Sachs teachers and business experts about managing and enhancing their companies.
More information about the program is available by calling (562) 938-5054 or emailing email@example.com