Growing small businesses, creating jobs

Aug 04, 2017

CCBC partners with Goldman Sachs, Bloomberg Philanthropies to expand 10,000 Small Businesses in Baltimore

CCBC President Sandra L. Kurtinitis joined Founder of L.P. and Bloomberg Philanthropies Michael R. Bloomberg, Goldman Sachs Chairman and CEO Lloyd C. Blankfein, philanthropist and businessman Warren Buffet, Maryland Gov. Larry Hogan and Baltimore Mayor Catherine E. Pugh to announce a $10 million commitment for Goldman Sachs 10,000 Small Businesses in Baltimore. CCBC is part of a consortium of higher education partners, including Johns Hopkins University and Morgan State University, named to deliver the education program component of 10,000 Small Businesses and actively support the program’s recruitment.

“This prestigious affiliation offers CCBC the opportunity to advance the work of our own Center for Business Innovation, funded by the Ratcliffe Foundation for its popular Business Plan Competition,” said CCBC President Kurtinitis, who shared the stage Aug. 2 with Buffet, Bloomberg, Governor Hogan and Mayor Pugh as they rolled out the 10,000 Small Businesses initiative in Baltimore. “This connection is just one more way for CCBC to strengthen our impact as a workforce development engine for the region and our state. We are grateful to Goldman Sachs for including CCBC in this important collaboration.”

The recent announcement took place at Baltimore Center Stage, after the completion of two pilot sessions of Goldman Sachs 10,000 Small Businesses in Baltimore, which ran earlier this year with 59 local small business owners. During the ceremony, President Kurtinitis conferred the names of the graduates from the second cohort.

The 10,000 Small Businesses in Baltimore marks the first-ever co-investment in the Goldman Sachs 10,000 Small Businesses program, which provides a practical business education and access to capital for small business owners. The initiative is comparable to an accelerated, customized MBA program for small business owners selected through a competitive process. They will receive hands-on education for business growth, access to lending capital and business support services.

Applications for the next class of 10,000 Small Businesses in Baltimore are being accepted through Sept. 12, 2017, with classes scheduled to begin in November 2017. Business owners can apply at The 10,000 Small Businesses program is offered free of charge. Eligible businesses should have annual revenues above $100,000, have been in operation for at least two years, have at least two full-time employees, and have the potential to grow and create jobs.

Baltimore City skyline at dusk