City of Houston
Office of Mayor Annise Parker
FOR IMMEDIATE RELEASE
| Contact: Janice Evans-Davis
Mayor Parker, Community Leaders Present Houston’s First Graduating Class from Goldman Sachs Foundation Small Business Educational Program
Mayor Annise Parker today was joined by U.S. Senator John Cornyn, Houston Community College Chancellor Dr. Mary S. Spangler and various other community and business leaders to congratulate 53 local entrepreneurs who are the first in
The program is designed for owners of small businesses with limited financial resources, and with few opportunities to otherwise access a business education designed to enhance small business success. The educational program provides all the resources business owners need to grow and create jobs: world-class business education designed by national experts; access to an array of support, including one-on-one business advising and networking with local partners; and the opportunity to access capital to finance their growth.
“I commend all of the partners who have made today possible and specifically the 53 graduates who are taking risks to fulfill their dreams, create opportunities for others and invest back in their local community here in
With a graduation rate of 100%, this first class of small business owners represents the broad diversity of Houston’s business population ranging from family-owned businesses – such as a restaurant and insurance broker – to area pharmacies, real estate companies, HVAC, staffing, marketing, and clinical research.
“These 53 graduates of 10,000 Small Businesses embody the diversity and entrepreneurial spirit of
As the nation’s fourth-largest city, the greater
The initiative, already in place in several other cities, comes with a $20 million commitment to provide loans to help local small businesses and $5 million in program and capacity-building grants to local partner organizations. Additional grants will be provided to subsidize business education for current small business owners.
Who Should Apply
Broad characteristics of business owners targeted to participate include, but are not limited to: ownership or co-ownership of a business; business revenues between $150,000 and $4 million in 2010; business in operation for at least two years; at least four employees; operations in economically underserved areas; and a business model that could scale to create more jobs.
Businesses interested in the business portion of the program can apply at: www.hccs.edu/10KSB
To express interest in a 10,000 Small Businesses loan, please send an email with your name, title, company, and full contact information to 10KSB@sbdcnet.uh.edu.
Strategy and guidance is provided by the 10,000 Small Businesses Advisory Council, chaired by Lloyd Blankfein, Berkshire Hathaway CEO Warren Buffett and Harvard Business School Professor Dr. Michael Porter.
10,000 Small Businesses is modeled on the Goldman Sachs 10,000 Women initiative, which creates partnerships between academic institutions and non-profit entities to provide a business and management education to women around the world. 10,000 Women is currently operating in 22 countries, where it is helping women entrepreneurs create jobs and growth in their communities.