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Rahm, Goldman Sachs Team Up to Help Small Biz

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    NEWSLETTERS

    Sept. 13, 2011: Goldman Sachs is adding $25 million in loans to Chicago's small businesses. It?s part of a program to provide funding, training and support services to entrepreneurs. (Published Tuesday, Jan 3, 2012)

    The small business community is - for the most part - pleased with Chicago’s new Mayor Rahm Emanuel.

    Now there’s another reason to keep the positive mood alive. Goldman Sachs is adding $25 million in loans to Chicago's small businesses. It’s part of a program to provide funding, training and support services to entrepreneurs.

    Mayor: New Help for Immigrant Business Owners

    [CHI] Emanuel Announces Help for Immigrant Business Owners
    Calling them the "lifeblood" and the "economic engine" of the city of Chicago, Mayor Rahm Emanuel on Tuesday announced a new office to help immigrants open small businesses. (Published Tuesday, Jul 19, 2011)

    Goldman launched its 10,000 Small Businesses initiative in 2009 and pledged $500 million.

    "There is nothing more important for the future of Chicago’s economy than our small business community,” Emanuel said Tuesday in a statement. “I am committed to Chicago being the best place in America to start a business, create good jobs, and raise a family.”

    Mayor Explains World Business Chicago

    [CHI] Mayor Explains World Business Chicago
    Mayor Rahm Emanuel says he's asking 50 of the city's biggest names in Chicago business to promote the city and help attract new companies and jobs. (Published Wednesday, Jul 13, 2011)

    The program, which begins in January 2012, will offer free courses to entrepreneurs that are selected from the application process. It’s running in Houston, Los Angeles, New York, New Orleans and Long Beach, Calif.

    Chicago business owners can apply here through the City Colleges of Chicago website, which is partnering with Goldman Sachs for the initiative's educational component.

    It should hit a high note with businesses not able to get capital from traditional sources.