Congressman Crowley Invites Small Business Owners to Learn About Goldman Sachs10,000 Small Businesses Initiative

May 17, 2012 | LaGuardia Community College

Long Island City, NY—Congressman Joseph Crowley met with some 70 local small business owners from his Queens and Bronx district to explain how Goldman Sachs 10,000 Small Businesses program, a partnership with LaGuardia Community College, can help them grow their businesses and create jobs.

At the May 14th info-session held at LaGuardia, Congressman Crowley, a great supporter of small businesses, urged his constituents to apply to the program and take advantage of what the program has to offer.

“Goldman Sachs is making a substantial investment in America’s small businesses and is looking to LaGuardia to help it reprogram our workforce,” said Congressman Crowley.  “This is a great example of a private-public partnership coming together to enhance your business, and, in turn, the nation’s economy.”

Goldman Sachs 10,000 Small Businesses is a $500 million investment to help small businesses create jobs and economic opportunity by providing them with greater access to business education, financial capital and business support services.  LaGuardia was the first community college in the nation Goldman Sachs selected for the program.   The initiative is also active in Chicago, Cleveland, Houston, Long Beach, Los Angeles and New Orleans.

The intensive 100-hour program covers every aspect of business that is vital to a small business owner’s survival—accounting; marketing and selling, negotiating; hiring, developing and retaining talented employees; and organizing a growth plan.

Joining Congressman Crowley to help describe Goldman Sachs 10,000 Small Businesses (10KSB) and its benefits were Jane Schulman, Vice President of LaGuardia’s Adult and Education Division; Dina Habib Powell, President of the Goldman Sachs Foundation; and three 10KSB graduates from the LaGuardia program.

In her comments, Ms. Schulman gave a description of the types of small business owners who decide to enroll in the program.  “They all have hit a point in their business where they said, ‘there is something I need now to move on to the next level and that is business education,’” she said. 

“Business owners are growing their businesses and creating jobs,” said Ms. Powell.  “We see that businesses in Queens and across the country are taking the lessons they learned, and creating real results and we are proud to work with partners like Congressman Crowley and LaGuardia Community College to help businesses achieve those results.”

Across the program, approximately 75% of the graduates are seeing an increase in their revenues, more than 50% are creating new jobs, and the participants are developing an incredible network between small businesses owners. Despite the huge time commitment, all the sites have a 99% graduation rate.

 Goldman Sachs 10,000 Small Businesses graduate, Jessica Johnson, who controls Johnson Security Bureau, a family business that provides armed and unarmed security, had a simple message to the invited small business owners: If you work the plan, the plan will work for you.

And her company’s results indicate that the plan is clearly working for her.  She said that from 2009 to 2010 her business doubled in revenue and doubled in the number of employees; she had the same results in 2010-2011; and her 2012 projections show that she is on track to double once again.

“It will begin with a commitment,” she said to the small business owners.  “So if you are committed to your business, to your community, then I strongly suggest you fill out an application.  If you do that, LaGuardia will meet you there and Goldman Sachs 10,000 Small Businesses will take you along the way.”

Mercedes Cano, an immigration attorney whose office is in Jackson Heights, echoed that sentiment. “Take a good look at this program,” she said. “You will not have a better chance to make your business grow.  You have to commit, but I assure you when you complete the program you will see growth.”

To learn more about the Goldman Sachs 10,000 Small Businesses initiative at LaGuardia Community College, please:

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About Goldman Sachs 10,000 Small Businesses:

Goldman Sachs 10,000 Small Businesses is an initiative to unlock the growth and job creation potential of 10,000 small businesses across the United States through greater access to business education, financial capital, and business support services. The program operates through a national network of public and private partner organizations including community colleges, business schools and Community Development Financial Institutions. The initiative is currently active in New York, Chicago, Cleveland, Houston, Long Beach, Los Angeles, and New Orleans, and will continue to expand to communities across the country. Community partners in New York City include The City of New York, LaGuardia Community College and Seedco Financial Services.

About LaGuardia Community College:

LaGuardia Community College located in Long Island City, Queens, was founded in 1971 as a bold experiment in opening the doors of higher education to all, and we proudly carry forward that legacy today. LaGuardia educates students through over 50 degree, certificate and continuing education programs, providing an inspiring place for students to achieve their dreams. Upon graduation, LaGuardia students’ lives are transformed as family income increases 17%, and students transfer to four-year colleges at three times the national average. Part of the City University of New York (CUNY), LaGuardia is a nationally recognized leader among community colleges for boundary-breaking success educating underserved students. At LaGuardia we imagine new ideas, create new curriculum and pioneer programs to make our community and our country stronger. Visit www.laguardia.edu to learn more.

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