Babson College Releases 2015 Small Business Impact Report
New Report Finds Graduates of Goldman Sachs 10,000 Small Businesses Continue To Outperform U.S. Small Businesses Overall in Revenue Growth and Job Creation Entrepreneurial learning program demonstrates Power of investing in small business owners to drive growth and create jobs
Wellesley, Mass. -- In a new report from Babson College released July 8, 2015, the small business owners who have completed the educational component of the Goldman Sachs 10,000 Small Businesses program grow their revenue and create jobs at rates that outperform the broader economy. The report surveyed approximately 2,300 of the nearly 5,000 who have now benefited from the program.
The report, Stimulating Small Business Growth: Progress Report on Goldman Sachs 10,000 Small Businesses, details the progress of the thousands of small businesses that have participated in the 10,000 Small Businesses program launched to help entrepreneurs across the United States grow their businesses and create jobs.
“In just 18 months after completing the program, 76.0 percent of program graduates increased their revenues and 57.1 percent created new jobs, said Kerry Healey, President of Babson College, which is the academic partner of 10,000 Small Businesses. “The growth oriented, practical, peer-to-peer driven classroom experience, together with business support services, are driving participants to change their attitudes and business practices, helping them to achieve significant growth; growth that is critically important to strengthening the U.S. economy.”
“These results confirm that small businesses continue to play a central role in spurring economic growth and job creation in their communities and nationwide and we are so pleased to see how this program has contributed to their success,” said Dina Habib Powell, President of the Goldman Sachs Foundation and head of the firm’s Impact Investing business.