Goldman Sachs 10,000 Small Businesses initiative for rural support

Goldman Sachs and North Carolina's Commitment to Entrepreneurship

The recent collaboration between the North Carolina Community College System and Goldman Sachs highlights a critical commitment to rural entrepreneurs. With the launch of the 10,000 Small Businesses initiative, Goldman Sachs aims to bolster the local economy by providing essential resources tailored to small business owners. This is part of a larger $100 million national investment aimed at revitalizing rural communities across the United States.

Why This Initiative Matters for Rural Entrepreneurs

For years, rural areas have struggled with access to foundational business education and funding. As John Loyack, Vice President for Economic Development at the North Carolina Community College System, states: "small businesses are the engines of North Carolina’s economy.” This partnership directly addresses the long-standing disparities in economic growth by equipping aspiring and existing business owners with the support they need to thrive.

Core Training and Resources to Empower Entrepreneurs

The program will offer comprehensive training in critical business skills like marketing, negotiation, and managerial accounting, allowing participants to create personalized growth plans. Participants will not only benefit from the technical training but also from a national network of successful alumni who can provide guidance and support well beyond the classroom.

Proven Success Rates from Other Rural Programs

The impact of the 10,000 Small Businesses initiative has already been felt in various states. Early results show that 68% of rural participants reported increased revenue, while 60% have successfully created new jobs, and 85% feel more resilient in navigating the challenges of entrepreneurship. Such figures underscore the potential for similar successes in North Carolina.

Preparing for Your Application: Key Information

For interested entrepreneurs, applications for the upcoming North Carolina cohort are open until June 15, with the program set to commence in September. This three-month initiative will be delivered in a hybrid format, ensuring inclusivity and accessibility for participants across the state. Best of all, participation is free, funded entirely by the Goldman Sachs Foundation, offering an incredible opportunity for those seeking to grow their businesses without the burden of financial strain.

Conclusion: Seize the Opportunity

As North Carolina embarks on this exciting partnership with Goldman Sachs, entrepreneurs in rural areas have a unique chance to benefit from world-class business education and resources. This initiative not only represents a pathway to improving individual businesses but also to uplifting entire communities by creating jobs and fostering economic resilience. Don’t miss the application deadline; it’s time to take your business to the next level!