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Mayor Michael A. Nutter, Nicole Pullen Ross of Goldman Sachs and Dr. Judith Gay of Community College of Philadelphia congratulate business owners
PHILADELPHIA, July 29, 2015— Twenty additional entrepreneurs will graduate from the Goldman Sachs 10,000 Small Businesses- Greater Philadelphia program at 11:30 am on Friday August 7, bringing the number of regional graduates to 189.
The business owners represent a variety of industries and professions, as far as York, PA and Tom's River, NJ and representing a wide variety of industries, from manufacturing to design and technology. They all share a proven track record and a desire to help their companies improve results. They will gather with families and friends for the ceremony in room C2-28 of the Center for Business and Industry at 1751 Callowhill Street. Philadelphia Mayor Michael A. Nutter; Dr. Judith Gay, vice president for Strategic Initiatives and Chief of Staff at the College, and Nicole Pullen Ross, Mid-Atlantic Region Head of Goldman Sachs are among those who will offer congratulations. Ralph Wolff of Jersey Coast Appliance, whose business had to overcome challenges after Hurricane Sandy, will be the class speaker.
“We congratulate the small business owners who are graduating from the 10,000 Small Businesses program,” said Pullen Ross of Goldman Sachs. “Thanks to the dedication of our local partners in Philadelphia, the graduates are contributing to the local economy by growing their businesses and creating jobs.”
Since it came to Philadelphia in 2013, the Goldman Sachs 10,000 Small Businesses program has provided local entrepreneurs timely strategies for managing and growing successful businesses. A report recently released from Babson College found that small business owners who have completed the course outperform U.S. small businesses overall in revenue growth and job creation. Additionally, 52 percent of Philadelphia companies create new jobs after graduating and 61 percent of the Philadelphia graduates have reported increasing their revenues just six months after graduating – compared to 45 percent of U.S. small businesses.
"The Goldman Sachs 10,000 Small Businesses Initiative is a valuable tool in our support for Philadelphia's small business owners and is showing great results," said Mayor Michael A. Nutter. "Almost 200 graduates of this program are now increasing revenue, hiring new people and doing business with each other thanks to the support they received from the Community College of Philadelphia and Goldman Sachs."
For Ralph Wolff, the program could not have come at a better time. The owner of Jersey Coast Appliance found himself in the eye of the storm literally and business-wise when Hurricane Sandy nearly derailed his company in 2012. Wolff’s customers’ appliances were breeched by salt water from the flood, rendering them inoperative. As a result, the service part of his business suffered while his sales division wasn’t able to make up for the loss in revenue.
It’s been a long, slow road to recovery, but Wolff looks forward to the future as a result of the principles he has embraced during the 10,000 Small Businesses program. “I went from being a reactionary business owner to a more visionary business owner,” said Wolff, who employs 16 fulltime and five part-time employees. “Since the storm, we’ve been in defensive mode. Now I have a growth plan in the works. This program turned it around for me.”
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. The program is based on the broadly held view of leading experts that greater access to this combination of education, capital and support services best addresses barriers to growth for small businesses.
Applications for 10,000 Small Businesses are accepted on a rolling basis at Community College of Philadelphia. The program is open to business owners from across the Greater Philadelphia region. Learn more at www.ccp.edu/10KSB and www.10ksbapply.com.