Goldman Sachs Brings 10,000 Small Businesses Initiative to New Hampshire Business Owners

Goldman Sachs Brings 10,000 Small Businesses Initiative to New Hampshire Business Owners

Goldman Sachs Brings 10,000 Small Businesses Initiative to New Hampshire Business Owners

Applications are due December 3, 2018; Program begins in NH in March 2019

Manchester, NH –The Community College System of New Hampshire (CCSNH) is inviting small businesses to apply to participate in Goldman Sachs 10,000 Small Businesses. Goldman Sachs 10,000 Small Businesses is a training program to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. The program, which is provided at no cost with support from the Goldman Sachs Foundation, is offered in partnership between New Hampshire’s community colleges and Babson College – recently named No. 1 for Entrepreneurship by U.S. News & World Report for the 22nd year in a row.  The curriculum is designed by Babson College and used in training community college faculty in delivering the program.

“Small businesses are the backbone of New Hampshire’s economy, so I’m pleased to see additional opportunities to help Granite State entrepreneurs succeed be made available through the 10,000 Small Businesses program,” said Senator Jeanne Shaheen. “The 10,000 Small Businesses program provides resources to educate and empower small business owners with the training they need to start and expand their businesses, handle complicated workforce issues and increase revenue by finding new market opportunities. I applaud the efforts of New Hampshire’s community colleges to educate and train workers so they can succeed in our economy, and their close coordination with the business community to fill good paying jobs.  As a member of the Senate Small Business and Entrepreneurship Committee, I’ll continue to support efforts that help Granite State small businesses grow and flourish.”

“The Community College System of New Hampshire is pleased to partner with Goldman Sachs 10,000 Small Businesses to help our state’s small businesses thrive and grow,” said Dr. Ross Gittell, CCSNH Chancellor.  “This program can help our state’s small business owners increase their productivity, profitability, and job-creation potential, helping communities across the state increase their economic resiliency and impact.”

Accepted applicants receive hands-on education for business growth, access to highly-trained, small business professionals, and an expanded peer network of small business owners from across the country. There are no fees to apply for the program and no costs to take the program. The program is part of the Goldman Sachs Foundation’s philanthropic efforts to help entrepreneurs create jobs and economic opportunity by providing access to education and business support services.

To date, over 7,600 small business owners from all 50 states, Washington, D.C. and Puerto Rico have graduated from the program. Program's results include:

  • 67 percent of graduates see revenue growth six months after completing the program
  • 47 percent report creating new jobs six months after completing the program

Santosh Salvi, a Nashua, New Hampshire business owner who is a 10,000 Small Businesses alumni, said the program helped his company grow, stating, “I’m pleased to share that we’ve helped 73% of the people we’ve trained get jobs and since graduating the program, my business revenues have increased by 35%, and we’re expected to more than triple by 2022.”

Eligible businesses have been in business for at least two years, have at least $100,000 in revenue, and have at least two employees (including the business owner). Businesses of all types and across all industries are encouraged to apply.

Eligible businesses can learn more about the program and apply and at www.10KSBapply.com/NewHampshire. Applications are due on December 3, 2018.

The program will last for three months and will launch in March 2019 with business owners taking a blend of in-person sessions and self-paced online learning.

Participants may also learn more through online information sessions. To see the schedule of upcoming webinars and to register, please visit 10KSBapply.com/NewHampshire

About CCSNH

The Community College System of NH consists of seven colleges, offering associate degree and certificate programs, professional training, transfer pathways to four-year degrees, and dual-credit partnerships with NH high schools. The System’s colleges are Great Bay Community College in Portsmouth and Rochester; Lakes Region Community College in Laconia; Manchester Community College; Nashua Community College; NHTI – Concord’s Community College; River Valley Community College in Claremont, Lebanon and Keene; and White Mountains Community College in Berlin, Littleton and North Conway.  The seven community colleges in the system are committed to working with businesses throughout the state to train and retain employees to develop a robust workforce across all sectors and embraces the "65 by 25 Initiative," which calls for 65% of NH citizens to have some form of postsecondary education by 2025 to meet future workforce demands.

About Goldman Sachs 10,000 Small Businesses

Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. To date, 10,000 Small Businesses has served over 7,600 small businesses across the United States. The program has reached businesses from all 50 states, Puerto Rico, and Washington, D.C, and has resulted in immediate and sustained business growth for the alumni of the program.

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