#United States #Goldman Sachs #Wilmington #Small Businesses #Community Colleges

Empowering Entrepreneurs: Goldman Sachs and North Carolina Community Colleges Collaborate

In an exciting new initiative, the Goldman Sachs 10,000 Small Businesses program has joined forces with the North Carolina Community College System to offer a free, comprehensive business education program for entrepreneurs across the state. This collaboration aims to provide valuable skills and resources to small business owners, enabling them to thrive and contribute to the local economy.

A Legacy of Support for Entrepreneurs

For the past 15 years, the Goldman Sachs 10,000 Small Businesses program has been a beacon of support for entrepreneurs nationwide. By offering practical training, access to capital, and personalized support services, the program has helped numerous small businesses achieve their growth potential. The introduction of this program in North Carolina is a testament to Goldman Sachs' commitment to fostering entrepreneurship in regions where small businesses are vital to economic vitality.

The inaugural cohort will take place at Cape Fear Community College in Wilmington, marking a significant step in offering world-class business education to local entrepreneurs. This partnership aligns with the mission of both organizations to provide accessible resources and training that can lead to substantial business development.

What Participants Will Experience

Through this free program, participants will gain essential skills in key areas relevant to business management. These include negotiation tactics, marketing strategies, and effective employee management practices. Not only will this knowledge have immediate applicability, but it will also allow business owners to craft strategic growth plans tailored to their unique needs and ambitions.

Supporting Local Growth

Anne Wellde, the National Director of 10,000 Small Businesses at Goldman Sachs, expressed enthusiasm about the initiative: "Goldman Sachs is incredibly proud to partner with The North Carolina Community College System to bring 10,000 Small Businesses directly to entrepreneurs across North Carolina, where small businesses drive innovation, create jobs, and fuel the local economy." This sentiment is echoed by local leaders who recognize the importance of small businesses in building vibrant communities.

Jim Morton, President of Cape Fear Community College, also highlighted the significance of this partnership: "Small businesses are vital to our region, and this partnership reflects our commitment to providing entrepreneurs with the tools, training, and connections they need to grow and thrive."

A Proven Impact

The Goldman Sachs 10,000 Small Businesses program has a strong track record across the United States, with its graduates seeing notable success. Recent impact reports reveal that:

• - 66% of participants reported an increase in revenues within six months of graduation.
• - 44% reported creating new jobs during the same timeframe.
• - 85% of alumni engaged in business collaborations with fellow graduates.

This demonstrates the profound impact of the program on local economies and its effectiveness in fostering a collaborative environment among entrepreneurs.

How to Get Involved

Selected applicants who enroll will benefit from not only this prestigious training but also from a vast network of professional support and mentorship—all at no cost. Classes will be conducted in both in-person and online formats, ensuring maximum accessibility for participants. All expenses are fully covered by the Goldman Sachs Foundation, allowing business owners to focus entirely on their learning and growth.

Conclusion

Goldman Sachs' partnership with the North Carolina Community College System stands to significantly enhance the entrepreneurial landscape in North Carolina. By equipping local business owners with vital skills and resources, this initiative promises to create a lasting impact on their communities and the state’s economy as a whole. As small businesses continue to represent the backbone of communities, investing in their growth through education and support is paramount for future success.