Citi and Goldman Sachs Launching Projects with NYC to Boost Women Business Owners

Thursday, March 12, 2015

The de Blasio administration and Citi are launching a new program to expand the number of women entrepreneurs with the goal of connecting 5,000 of them to free training and business services over the next three years.

Here’s Deputy Mayor Alicia Glen’s vision: a woman in the Bronx has perfected her grandmother’s mole sauce recipe so it’s good enough that people would buy it. But she hasn’t figured out how to sell it.  

“We’re going to teach you how to take that amazing mole and get into the stream of commerce. We’re going to introduce you to the people at Etsy so you can sell your mole,” Glen told WNYC.

Through the program Women Entrepreneurs NYC, dubbed WE NYC, the city’s Department of Small Business Services (SBS) will provide free training directly to new entrepreneurs. The city is also partnering with Goldman Sachs 10,000 Small Business Program and micro-lender Grameen America.

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