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10,000 Small Businesses Initiative Launches in Salt Lake City

On July 18, 2012, Governor Gary R. Herbert announced a partnership between Salt Lake City, Salt Lake Community College (SLCC) and the Goldman Sachs 10,000 Small Businesses initiative to help create jobs and economic growth in the city.

The 10,000 Small Businesses initiative will provide practical business education, business support services and access to capital to small businesses in and around Salt Lake City.

Goldman Sachs and the Goldman Sachs Foundation are committing $15 million to the program in Salt Lake City. Salt Lake Community College’s School of Professional and Economic Development will deliver the education portion of the program. SLCC will also work with partners and local organizations to encourage small businesses to apply for the education and/or capital program components.

Other partners involved in the program will include the Pete Suazo Business Center, the Salt Lake Chamber, the Salt Lake Small Business Development Center, the Utah Hispanic Chamber of Commerce and the Utah Small Business Development Centers Network. These partners will help with the recruitment of small business owners and entrepreneurs in Salt Lake City and will assist in providing outreach and business support services.

The program will begin in January 2013. Applications are being accepted, effective immediately, at www.slcc.edu/10ksb

Goldman Sachs, which opened an office in Salt Lake City in 2000, has become a major employer and corporate citizen in the city. The launch of the 10,000 Small Businesses program further demonstrates our commitment to the city.