A group of legislators recently conducted a roundtable discussion regarding private sector entrepreneurial development programs and the 10,000 Small Businesses initiative.
House Small Business Committee Chairman Steve Chabot (R-OH) and Vice-Ranking member Alma Adams (D-NY) said the effort included Goldman Sachs executives, Community Development Financial Institution lenders and small business owners who have utilized the entrepreneurial development program, which was formed by Goldman Sachs.
“The roundtable gave the committee members a chance to hear from small businesses that have benefitted from their participation in the 10,000 Small Businesses program,” Chabot said. “This successful private sector initiative is an intensive education and mentorship program that matches educators, business leaders and lenders to grow small businesses in our communities.”
Officials said the 10,000 Small Businesses program helps entrepreneurs create jobs and economic opportunity by providing greater access to education, capital, and mentorship. The program has served over 7,700 small business owners across all 50 states.
“While the program itself is helping so many small firms from across our country, we also heard that a confusing tax code and burdensome regulations continue to hold small businesses back,” Chabot said. “Here on the Committee, we will continue to address these barriers to growth so small firms can continue to do what they do best – innovate and create jobs.”