13 SEP 2011

10,000 Small Businesses Initiative Expands to Chicago

Chicago Mayor Emanuel Announces $25 Million Partnership with Goldman Sachs 10,000 Small Businesses Initiative.

On September 13, 2011, Mayor Rahm Emanuel announced that Chicago will join the Goldman Sachs 10,000 Small Businesses initiative, which will help Chicago’s small businesses gain crucial education, business support services, and access to capital.

The initiative, which is already in place in five other cities, will help local small businesses create jobs and stimulate economic growth by committing $25 million for small business loans, business education and grants for supporting community partners.

Mayor Emanuel and his team will work with a number of local organizations that will execute the program in Chicago. City Colleges of Chicago will provide classes to the business owners. Other partners involved in the program will include Chicagoland Chamber of Commerce, Chicago Urban League, Women’s Business Development Center, and the IL Hispanic Chamber of Commerce.

These partners will recruit scholars of diverse backgrounds and neighborhoods and provide participating business owners with best-in-class technical assistance and clinics.

The program will begin in January 2012. Applications are being accepted, effective immediately, at http://www.ccc.edu.

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