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Investing $100 million in the heart of rural communities [1]

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Date: 2023-10

For over a decade, Goldman Sachs 10,000 Small Businesses has helped entrepreneurs grow their businesses with results-oriented business training, access to capital, and personalized support services. More than 14,000 businesses have graduated from the program, employing over 245,000 people and driving more than $17 billion in annual revenue.

While small businesses are the primary source of jobs in America’s rural communities, they face a unique set of challenges. According to a Goldman Sachs survey, 86% of small businesses in rural communities have plans to grow their business, but only 7% believe that they are receiving sufficient private sector resources to support growth.

To answer this, Goldman Sachs 10,000 Small Businesses is expanding its best-in-class program with a $100 million commitment. This will enable more rural small businesses to take part in the results-oriented business education program and access the capital that can help drive growth, create jobs, and increase revenue.

Press Release: Investing in small businesses across rural communities

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[1] Url: https://www.goldmansachs.com/citizenship/10000-small-businesses/US/investing-in-small-businesses-across-rural-communities/index.html#survey

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