10,000 Small Businesses
LONG BEACH, CALIF. USA -- Long Beach, Calif. Mayor Bob Foster, center, at a press conference with Long Beach City College's Lou Anne Bynum, right, to launch the Long Beach 10,000 Small Businesses initiative at the Den Barber Salon, a local small business that is applying for this new program. The initiative, a project of Goldman Sachs, will offer a unique combination of three resources to help small business grow and create jobs: Business and Management Education, Access to Capital, and Business Support Services. The program will include business courses for the small business owner, and $20 Million in loans for the Long Beach and greater metropolitan area.
10,000 Small Businesses is a Goldman Sachs $500 million initiative that intends to unlock the growth and job-creation potential of 10,000 small businesses across the United States. The program has launched in New York and is now expanding to Long Beach and Los Angeles.
Photo by Jeff Gritchen / Long Beach Press-Telegram