Continuing to provide small business owners with educational resources, Goldman Sachs is again offering scholarships for the 10,000 Small Business Scholar Program at Long Beach City College.

Selected business owners, who can apply to participate before the Jan. 13 deadline, may receive a scholarship from Goldman Sachs to participate in entrepreneur training programs that examine business fundamentals and provide opportunities for participants to network with other business owners and professionals. The spring program begins in March.

There will be several free information sessions about the 10,000 Small Business Scholar Program, which is part of the Goldman Sachs 10,000 Small Businesses initiative in partnership with Long Beach Community College to create jobs and increase economic development. The $500 million national program is designed to provide entrepreneurs with practical business education, access to capital and business support services.

Free information sessions take place from 9:30 to 11 a.m. on Jan. 5, Jan. 10 and Jan. 12 at Long Beach City College (4900 E. Conant St.). Alternatively, there will be information sessions from 9:30 to 11 a.m. on Jan. 7 and 4 to 5:30 p.m. on Jan. 11 at the recently opened LBCC Small Business Development Center (309 Pine Ave.).

Curriculum for the program includes program orientation, 11 pre-scheduled learning sessions, out-of-class activities (including assignments and attending networking events and business support clinics) and developing a business growth plan. Also, the participants each will have access to one-on-one business advisory services, technical assistance and more.

"Small businesses are the backbone of the American economy, and we are committed to providing resources and access to capital for these emerging enterprises," LBCC President Eloy Ortiz Oakley said in a release. "Long Beach City College is invested in the future of economic development and our local economy."

The Small Business Scholar Program is one of several opportunities for small business owners to find support in Long Beach through partnerships with Long Beach City College, Goldman Sachs and other organizations.

Notably, the Small Business Development Center, part of the Los Angeles Regional SBDC and the national Small Business Administration, is based at Long Beach City College - with a satellite office open now in downtown Long Beach - and offers existing and prospective businesses a variety of no- and low-cost development classes and tools to help businesses increase sales, obtain loans, streamline operations, utilize new technologies, expand into new markets and position themselves for long-term growth.

SBDC services have been available in Long Beach since 2006. Mike Daniel, director of SBDC Long Beach, has been working as an advisor and teacher at the SBDC for several years and also owns Rocky Mountain Chocolate Factory on Second Street in Belmont Shore. He said the mission of the SBDC is to help business owners make better choices and grow the local economy.

"Ultimately, we hope to be an economic driver of the city," he said, adding that Long Beach's SBDC has provided more than 4,000 hours of free one-on-one time with advisors and business owners this year. He said the SBDC advisors are hands-on, not just telling business owners what to do, but teaching them how to do it.

To find out about special workshops and seminars, or to schedule one-on-one time with an SBDC advisor, visit or call 938-5051.

Business owners interested in participating in the March 10,000 Small Businesses Scholar Program are encouraged to visit or call (866) 680-9880 for details, online applications and program requirements.

(1) comment


To my opinion, it's verry important for business owners to be familiar with the basics of business education, that's why these programs and trainings can be very efficient. Running a business is not an easy thing, like everything abou making money. Small business sector is very important for the US as it creates jobs and boosts economy. Lots of people want to run a business but do not know what to start from, where to get funding or online cash loans and that's why some financial education can be very useful for them. So investing in the future economy development is such a great step.

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