PHILADELPHIA, March 13, 2014 – Mayor Michael A. Nutter will join John F.W. Rogers, Executive Vice President at Goldman Sachs, and Dr. Judith Gay, Interim President at the Community College of Philadelphia, later today for a roundtable discussion with alumni of the Goldman Sachs 10,000 Small Businesses program, hosted by program graduate Amy Voloshin of PrintFresh, LLC. The business owners will engage in a conversation about the challenges and opportunities facing small businesses in Philadelphia and discuss how the program has helped them grow their businesses.
WHO: Mayor Michael A. Nutter, City of Philadelphia
John F.W. Rogers, Executive Vice President at Goldman Sachs
Dr. Judith Gay, Interim President, Community College of Philadelphia
10,000 Small Businesses program participants
WHAT: Roundtable and reception to discuss small business growth
WHERE: Printfresh, LLC
1639 North Hancock Street, #101, Philadelphia, PA 19122
WHEN: Thursday, March 13, 2014 6:00pm to 7:30pm TODAY
Goldman Sachs 10,000 Small Businesses is a $500 million program that will 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 is based on the notion that greater access to this combination of education, capital and support services best addresses barriers to growth for small businesses. A report released last month by lead 10,000 Small Businesses academic partner Babson College found that just six months after graduating, 64% of participants have reported increasing their revenues, 45% of participants have reported creating net new jobs and 80% of participants have worked or are working together with other program participants. The program maintains a 99% graduate rate.
To date, nearly 100 businesses have participated in the program in Philadelphia. This includes 79 businesses across three classes at Community College Philadelphia, which is delivering the educational portion of the program. Also, 19 businesses have received loans valued at a combined total of nearly $5 million from program capital partners, PIDC and Community First Fund.
Applications for the education component of the program are accepted on a rolling basis and can be downloaded at www.ccp.edu/10KSB. Please contact PIDC and Community First Fund directly for information about the lending application process.