In the United States, Goldman Sachs 10,000 Small Businesses is a $500 million investment to help entrepreneurs create jobs and economic opportunity by providing them with greater access to education, financial capital and business support services.
Small businesses have generated 64 percent of net new jobs over the past 15 years. They represent 99.7 percent of all employer firms, hire 40 percent of high tech workers, and produce 13 times more patents per employee than large patenting firms.*
Goldman Sachs 10,000 Small Businesses is designed to tap into that economic power by providing entrepreneurs across the country with the resources they need to grow and create jobs.
The program is currently operating in Chicago, Cleveland, Detroit, Houston, Long Beach, Los Angeles, Miami, New Orleans, New York, Philadelphia and Salt Lake City. It will continue to expand on a city-by-city basis.
* Small Business Administration, http://www.sba.gov/