Goldman Sachs 10,000 Small Businesses

Addressing barriers to growth for small businesses.

Goldman Sachs 10,000 Small Businesses is based on the broadly held view of leading experts that greater access to this combination of education, capital, and support services best addresses barriers to growth for small businesses.

10,000 Small Businesses (10KSB) is guided by an advisory council on which Babson President Kerry Healey serves, and is co-chaired by Goldman Sachs chairman and CEO Lloyd C. Blankfein; Bloomberg L.P. founder, president, and CEO, and 108th Mayor of the City of New York Michael R. Bloomberg; Berkshire Hathaway chairman and CEO Warren Buffett; and the Initiative for a Competitive Inner City’s Michael Porter. The National Urban League and the U.S. Hispanic Chamber of Commerce also are represented on the council, among other groups.

Launched in 2009, the 10KSB Initiative has hit the 5,000 small-businesses mark. The program has rapidly grown to include 12 sites at community colleges throughout the United States, and the 13th site, the National Blended Learning Cohort, has reached its target of 150 small-business owners per cohort, graduating 300 businesses a year. Four thousand small businesses have graduated from the program, providing new job opportunities by growing their businesses and hiring new employees.

10,000 Small Businesses UK

After extensive research, Goldman Sachs also launched the 10,000 Small Businesses UK program, designed to provide high-quality, practical education and business support to leaders of high-growth small businesses and social enterprises across the United Kingdom. The program is designed by leading experts and is run in partnership with the Saïd Business School at Oxford University, the Aston Centre for Growth at Aston University, Leeds University Business School at University of Leeds, and the Manchester Metropolitan University Business School at Manchester Metropolitan University.

10,000 Women

In addition, 10,000 Women is a global initiative that fosters economic growth by providing women entrepreneurs with a business and management education, mentoring and networking, and access to capital. To date, the initiative has reached more than 10,000 women from 43 countries through a network of 90 academic and nonprofit partners, and still continues to build. There are initiatives presently being run in India, Kenya, Brazil, Egypt, and China.