Goldman Sachs 10,000 Businesses GrantAugust 3, 2012
The Goldman Sachs 10,000 Businesses Grant is a grant program run by American multinational bulge bracket investment banking firm The Goldman Sachs Group, Inc. It is one of Wall Street and the US’s largest companies. Hoping to help small businesses around the country, Goldman Sachs invests almost 500 million dollars to help create jobs and economic opportunity.
Applicants have to be the owner or co-owner of a business. The business has to have been in operation for two years. Business revenues had to be in between 150 thousand and four million dollars in the most recent fiscal year. The program is active across the United States. Currently it is located in Chicago, Cleveland, Houston, Long Beach, Los Angeles, New Orleans, New York and Salt Lake City. The program was originally announced in 2009 as a 500 million dollar project. They also contribute money to local community colleges and business schools. The award money goes to scholarships, faculty training and technical assistance to help build the organizations’ abilities. The Goldman Sachs 10,000 Businesses Grant also helps people that aren’t the usual small business owner, such as women or minorities. They are helping women in unprivileged parts of the world by providing education and business training. With such a large company, they can make a large impact in helping people.