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16.05.2012

The Northeast Ohio Hispanic Chamber of Commerce is a Proud to Announce the Launch of the Goldman Sachs 10,000 Small Businesses Program in Cleveland, OH

Cleveland – The Northeast Ohio Hispanic Chamber of Commerce (NEOHCC) Chairman of the Board Carlos Fuentes announced today that
the Northeast Ohio Hispanic Chamber of Commerce is a proud partner of the launch of the Goldman Sachs 10,000 Small Businesses program in Cleveland, OH. In Cleveland, Goldman Sachs and the Goldman Sachs Foundation will invest a combined total of $15 million, including $5 million in grants to support business education and $10 million in capital to support the small businesses located throughout Northeast
Ohio.

The Goldman Sachs 10,000 Small Businesses education program is a 100-hour curriculum that was built by Babson College, which is the leading school on entrepreneurship education in the U.S., to be modular, adaptive, and scalable with strong ties to business support services
and access to capital.  The curriculum will be delivered at Cuyahoga Community College (Tri-C), in partnership with Babson College. Classes will begin at Tri-C on Friday, September 7, 2012.  In addition to Babson College, the 10,000 Small Businesses program partners in Cleveland include Cuyahoga Community College, Council of Smaller Enterprises, JumpStart, the Northeast Ohio Hispanic Chamber of Commerce and the Urban League of Greater Cleveland.

Mr. Fuentes said, “The Northeast Ohio Hispanic Chamber of Commerce is thrilled to be a part of the Goldman Sachs 10,000 Small Businesses program because our members now have access to the most innovative and comprehensive entrepreneur education curriculum available at absolutely no cost. This is an exciting and comprehensive program that will assist our members develop and realize strategies to help them grow their businesses and add more jobs to their payroll.”
In addition to the NEOHCC, its sister organization, the Hispanic Business Center will also participate in the program.  The Center will assist aspiring applicants to the Goldman Sachs 10,000 Small Businesses program with a variety of technical assistance to get them ready to apply for future cohorts.  The technical assistance includes (1) expanding existing programs of teaching business owners how to produce and understand accurate financial statements, and (2) teaching business owners how to engage in financial management practices through creating annual financial operating plan that includes cash flow management, producing budgets, and overhead factoring.

“The Goldman Sachs 10,000 Small Businesses program will be an incredible resource for the clients we serve every day, as we seek to help them strengthen and grow their business,” said Hispanic Business Center Executive Director Jonah Weinberg. “We look forward to working with our partners at NEOHCC to help prepare small business owners to participate in this program, and ultimately to help them to become more robust and profitable players in our region’s economy.”

10,000 Small Businesses is funded by Goldman Sachs and The Goldman Sachs Foundation. For more Information about the program, visit www.tri-c.edu/10ksb or visit www.neohcc.org and click on the Goldman Sachs 10,000 Small Businesses link.

About the Northeast Ohio Hispanic Chamber of Commerce

Northeast Ohio Chamber of Commerce is a 501(c)(6) non-profit organization. Our coverage area is the northeast region of Ohio, which includes 16 counties. We are an organization that advocates for and promotes Hispanic-owned businesses.  The Hispanic
Chamber focuses on providing resources and programs that enable our members to pursue success and wealth creation.  The Chamber also initiates the development of public policy that promotes economic growth and development for the Northeast Ohio Hispanic business community.  The Chamber also created the Northeast Ohio Hispanic Business Center for economic development, and is home to the Cuyahoga Small Business Development Center and the Cleveland Latino Small Business Development Center.  Our offices are located at 2511 Clark Avenue, Cleveland, OH 44109.

NEOHCC is part of a national network of Hispanic Chambers which includes 4 other regional Hispanic Chambers in the State of Ohio. See www.neohcc.org for more information.