Goldman Sachs is giving away money, apparently.
Here’s the story (and reason for the press conference:
Goldman Sachs is funneling $25 million in loans and educational grants to Chicago-area small businesses, Mayor Rahm Emanuel announced Tuesday….Of the $25 million, $20 million will be in loans to small businesses and the remaining $5 million will fund an educational program at City Colleges of Chicago…
The City Colleges program kicks off in January 2012 and will run for five years, with each cohort completing an eight- to 10-week curriculum that meets on Saturdays. Cheryl Hyman, the chancellor of City Colleges of Chicago, said she expects 25 to 30 businesses per cohort. The classes are free and will cover topics such as finance, marketing, negotiations and human resources.
City Colleges has an existing entrepreneurial program, but “we didn’t have anything as robust and structured for small businesses,” Hyman told the Tribune.
There’s more, which you can read about HERE.