Goldman Sachs extends $100M program for rural small businesses to Utah [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
The initiative is an extension of the global investment firm's 10,000 Small Businesses program, which aims to provide education, capital and support services to small-business owners through a 12-week curriculum. After seeing the success the program had in urban areas, Goldman Sachs committed $100 million in 2023 to expand the program to rural communities in 20 states in the next five years. Applications for the program are open through July 16 and can be found online. Utah's first program cohort will begin in October. "Businesses outside of the metro Salt Lake area ... can now all access this best-in-class educational program, access to capital and an all-important peer network," said Asahi Pompey, global head of Corporate Engagement at Goldman Sachs. "Why are we doing this? Because Goldman Sachs is bullish. We're bullish on the economic power and potential of Utah." Utah is now the 11th state to be included in the rural communities investment. According to Goldman Sachs , 86%
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