Goldman Sachs 10,000 Small Businesses at LaGuardia Community College Begins New Session on October 19

July 16, 2012 | LaGuardia Community College

Long Island City, NY—Take your business to the next level with help from Goldman Sachs 10,000 Small Businesses at LaGuardia Community College. Applications are now being accepted for the upcoming session of the business education program, which will run from October 19, 2012 to February 9, 2013.

To date, 99 percent of the businesses entrepreneurs who entered the 10,000 Small Businesses program across the country have graduated, 75 percent have increased their revenue, and more than 50 percent are creating new jobs. LaGuardia Community College—the program’s first community college partner—has graduated 138 business owners.

Daniel Levy, owner of Manhattan Home Design, 2010 program graduate, and winner of the U.S. Small Business Administration’s 2012 Entrepreneurial Success Award of the Year for the New York District, used what he learned in 10,000 Small Businesses to help him land a $200,000 contract with New York City to provide tables and chairs for plazas in Times Square and other prominent public spaces in the city. Mr. Levy, a native of Argentina, was also able to secure a line of credit for $150,000, add two new employees, and by 2011 doubled his revenue from the previous year. “We have developed our growth plan and are exceeding our expectations,” he says.

Goldman Sachs 10,000 Small Businesses is an initiative to help small businesses across the U.S. grow and create jobs through greater access to business education, financial capital, and business support services. This is carried out through a rigorous 100-hour business education program, which focuses on accounting and financing, negotiation, marketing, operations and other key business management areas; business support services, including mentors from Goldman Sachs; and access to financial capital through non-profit community lenders. An essential element of the program is to develop an individual business growth plan. Each business owner selected will receive a scholarship to cover program costs and materials. 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.

To be considered, applicants must be the primary owner or co-owner of a business that generally meets the following criteria:

•Business revenues between $150,000 and $4 million in the most recent fiscal year

•At least four employees (including the applicant)

•Business has been in operation for at least two years

•The potential and desire to grow and create jobs in the community

The application can be found at www.laguardia.edu/10KSB.

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

•            Visit www.laguardia.edu/10ksb

•            Call our team at (718) 730-7400 or

•            Email 10KSB@lagcc.cuny.edu  

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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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