Friday, October 25, 2013

Goldman Sachs 10,000 Small Businesses accepting applications for 2014 classes

Updated programming offered for early-stage business owners
Delgado Community College chancellor Dr. Monty Sullivan announced today that applications are now being accepted for all cohorts of the Goldman Sachs 10,000 Small Businesses program scheduled for 2014. The three cohorts (or classes) are scheduled to begin in February, June and September, 2014. The program, aimed at helping existing companies grow revenues and create jobs, is funded through a grant to Delgado Community College through the Goldman Sach Foundation and is no-cost to selected participants.
As part of the 2014 schedule, Delgado 10,000 Small Businesses will offer classes designed specifically for business owners who have successfully launched scalable businesses, but who do not yet meet the criteria for the traditional 10,000 Small Businesses program. This session begins in February.
Louisiana Restaurant Association member Phil de Gruy, owner of Phil's Grill in Metairie, knew that participating in the Goldman Sachs 10,000 Small Businesses program would be an investment in his business's future. He was right! The knowledge de Gruy gained from the intensive business program has helped him maximize his restaurant's position in the market, manage his finances for greater profitability, and develop a more accountable and customer-focused workforce. 
Last year Delgado Community College and the Goldman Sachs Foundation partnered with The Idea Village to pilot a program geared toward early-stage businesses in the Greater New Orleans area.
“Based on the success of this class and a noticeable demand from the local entrepreneurial community, a second cohort for early-stage businesses will be launched in February 2014,” said Carla Coury, 10,000 Small Businesses executive director.
Small business owners who demonstrate a commitment to growing their businesses and have been in operation for at least one year, generate revenues in excess of $25,000, and employ at least one person in addition to the owner are encouraged to apply to the early-stage cohort that begins in February.
"Being able to identify areas I needed to work on and take steps to put my business on track for growth was an invaluable product of my participation in the program," said de Gruy. "I learned the difference between running a restaurant and running a business."
Small business owners who have been in business for two or more years, earn annual revenues in excess of $150,000, and employ four or more employees (including the owner) should apply for the traditional cohorts scheduled to begin in June and September 2014.
Since launching the program in 2011, Delgado Community College has served 174 small business owners in the New Orleans/Gulf South region.
With education programs at community colleges in 10 cities and capital-only programs in 6 states nationwide, the program boasts more than 1700 alumni and a 99 percent graduation rate. Approximately 63 percent of graduates report that they have increased revenues just six months after graduating and 47 percent have created new jobs in the same period. Over 75 percent of all graduates report doing business with one another.
Delgado Community College works with community-based partners and national business organizations to encourage small businesses to apply for the program and to provide business advice, technical assistance, and networking to program participants. Local partners include Hope Enterprise Corporation, Greater New Orleans Inc., The Idea Village, the Louisiana Small Business Development Center and area chambers of commerce.
Participation is free to business owners who are accepted through a competitive application process. 
To download an application or learn more about the Goldman Sachs 10,000 Small Businesses program in New Orleans, visit or call 504-671-5555.

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