Goldman Sachs offers small business grants

Hyde Park Herald

On Wednesday Sept. 21, at the Polsky Exchange North Building, 1452 E. 53rd St. 2nd floor, the Hyde Park Chamber of Commerce in collaboration with Goldman Sachs 10,000 Small Businesses and the City Colleges of Chicago, hosted its third Wednesday business briefing, moderated by Wallace Goode, director of Hyde Park Chamber of Commerce and Randy Kravitz, director of business support services for Goldman Sachs and the City Colleges of Chicago. 

“Mayor Rahm Emanuel is committed to giving $25 million dollars in education grants to support Chicago small businesses and community partners,” Kravitz said, during his Goldman Sachs presentation. “The mayor brought the program to Chicago in 2011 and it’s free.”

According to the program’s guidelines, applicants must have been in business for at least two or more years, employed four fulltime staff members (including the owner), have a revenue range between $150k to $6-8 million or higher and be able to prove that they are the majority owner of the business, in addition to extensive interaction or substantive contribution to the group.

“The program is of no cost for accepted candidates,” Kravitz said. “It’s a 15-week program, with over 100 plus hours of curriculum.”

The application deadline is Oct 5, 2016.

For more information on the Golden Sachs 10,000 small businesses program or to apply visit