Goldman Sachs Brings 10,000 Small Businesses Initiative to Detroit

Sunday, December 1, 2013

PND reported that Goldman Sachs has launched its 10,000 Small Businesses initiative in Detroit.

Goldman Sachs has announced the launch of its 10,000 Small Businesses initiative in Detroit. In partnership with Macomb Community College, Oakland Community College, Wayne State University, and a variety of community-based organizations, the global investment bank will commit $20 million to provide small business owners with business and management education, capital, and business support services. A total of $15 million in lending capital will be provided through the Invest Detroit Foundation, which will focus its lending to businesses in downtown Detroit, and the Detroit Development Fund, which will direct its lending to small businesses throughout the city. Other local organizations, including Midtown Detroit, the Michigan Minority Supplier Development Council, the Detroit Economic Growth Corporation, TechTown Detroit, and the Detroit Eastern Market, will be key partners in helping to recruit small business owners and entrepreneurs and providing outreach and business support services....

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