Richardson praises new LBCC District and Goldman Sachs 10,000 Small Businesses Initiative

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business-training 10,000 Small Businesses initiativeMonday June 14, 2010, Congresswoman Laura Richardson urged small businesses across the 37th Congressional District to take the opportunity to learn valuable skills and insight in growing and further developing their businesses through the 10,000 Small Businesses initiative which is being offered through a partnership of Goldman Sachs and the Long Beach Community College District.

“In addition to supporting our local small businesses, this initiative will be a catalyst for new jobs, better and more convenient services and increase our local tax base,” Congresswoman Richardson said. “With our economy still recovering and tens of thousands of people out of work in the 37th District, Goldman Sachs and the Long Beach Community College District have come up with the right plan at the right time to give a major boost to our local businesses and economy. I encourage small businesses from across the district to apply before the July 6th deadline to take part in this great program.”

Participants in the program will take part in an 11-session business entrepreneurship training program that examines business fundamentals through the lens of the participants’ actual business experiences. They will have access to technical assistance and mentors to help them as business owners focus on their most critical business issues and increase capacity. And, as part as of the program, they will enjoy fully-integrated and comprehensive one-on-one business advisory services to help them develop and implement tailored growth plans by the time they complete the program.

“With thousands of unique small businesses based in our district, the 10,000 Small Businesses initiative will help them remain the vital cornerstones of our neighborhoods that they are,’” Congresswoman Richardson added. “And with so many of these businesses directly reflecting the beautiful and diverse culture of the district, from our rich and colorful Cambodian, Filipino and Samoan neighborhoods to our historic and proud Hispanic and African American communities, they embody much more than local commerce, but the spirit and vitality of the people who live here.”

The program is designed for owners of small businesses with limited financial resources, and with few opportunities to otherwise access a business education designed to enhance small business success. To qualify, businesses should have revenues of between $150,000 and $4 million in 2009, have been in operation for at least two years, employ at least four individuals, operate in economically underserved areas and have a business model that could scale to create more jobs.

Congresswoman Laura Richardson is a Democrat from California’s 37th Congressional District.  She is a member of the House Committees on Transportation & Infrastructure and Homeland Security and is chair of the Homeland Security Subcommittee on Emergency Communications, Preparedness and Response.  Her district includes Long Beach, Compton, Carson, Watts, Willowbrook and Signal Hill.

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