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Beachwood Businesses Could Receive Capital from Tri-C Program

Goldman Sachs is contributing $500 million nationally toward small business scholarships, faculty training and technical assistance

Editor's note: Cuyahoga Community College submitted this article.

Beachwood’s small businesses are encouraged to apply to the Goldman Sachs “10,000 Small Businesses” program at the Cuyahoga Community College to receive growth capital and a business entrepreneurship education.

“Small business owners in and throughout Greater Cleveland stand to benefit from this innovative program providing practical business education, access to capital and business support services,” said Jim Doutt, Economic Development Director for the City of Beachwood

Goldman Sachs is contributing $500 million nationally towards scholarships, faculty training and technical assistance to help build the organizations’ capacity to support business education. The national investment also increases the amount of growth capital available to small businesses in underserved communities and expands the capacity of lenders to deliver financing and technical assistance. The program is now available in Greater Cleveland.

“This is a great opportunity to grow small businesses in Beachwood,” Doutt added. “The City of Beachwood urges eligible business owners to apply for this program that will enhance their education, increase profits of local businesses and reinforce the economic development initiatives currently in place throughout the city.”

The program consists of a series of one-on-one business advising sessions from dedicated professionals to help develop a tailored plan for business growth and 100 hours of instruction in addition to evening sessions which include networking, financial clinics and other business activities.

Applicants should meet the following criteria: Owner or co-owner of business. Business in operation for at least two years. Business revenues between $150,000 and $4 million in the most recent fiscal year. Minimum of four full-time employees.

Applications at Cuyahoga Community College are due by Monday, July 2, 2012 at 5 p.m.

For more information about the program, visit tri-c.edu/10ksb.

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