The Goldman Sachs 10,000 Small Business Program (10KSB) is equipping a local college with the opportunity to grow and strengthen small businesses. Since 2021, 32 Dayton region entrepreneurs and small business owners have completed the program.
Sinclair Community College’s Workforce Development Division is currently accepting applications for the upcoming 11-week program that will start with orientation on May 11, 2023. The deadline to apply is Feb. 1, 2023.
The program provides business education, wrap-around support services and pathways to capital for growth-oriented entrepreneurs. Participants gain practical skills to take their business to the next level with topics like financial statements, negotiations, and marketing.
Participants develop an actionable growth plan for the business with the help of business advisors and like-minded entrepreneurs.
Goldman Sachs 10KSB has helped strengthen more than 12,000 small businesses in all 50 states since its inception in 2009.
“This innovative partnership between Sinclair College and Goldman Sachs is unleashing possibilities and nurturing success for these entrepreneurs and small business owners who play such a vital role in growing jobs and our local economy,” said Kandise Bobo, Goldman Sachs 10KSB executive director for Sinclair Community College.
Key highlights of the program include:
- No cost to business owners. Every business owner selected receives a full scholarship, funded by the Goldman Sachs Foundation
- Sixty-six percent of alumni of the 10KSB program reported increased revenues and 44% added new jobs within six months of graduating
- Participants graduate with a specific 5-year growth plan for their business that is immediately implementable
- Business owners in all industries receive one-on-one advising
10KSB looks for applicants who are generally:
- An owner or co-owner of a business
- Have a business in operation for at least two years
- Have business revenues of at least $75,000 in the most recent fiscal year
- A minimum of two employees, including the owner
Those interested in more information or applying can do so at 10KSBapply.com/Ohio.
