SLCC is Major Partner in $15 Million Economic Development Project

At a press conference today held at the Utah State Capitol, Salt Lake Community College was announced as the lead educational partner in a new $15 million dollar Goldman Sachs10,000 Small Businesses partnership. President Cynthia Bioteau, Provost Chris Picard, and Dean Karen Gunn were on hand for the announcement along with Utah Governor Gary Herbert and representatives from local chambers of commerce and small business development centers, and the Pete Suazo Business Center.

As part of the program, Goldman Sachs will give $10 million in loans to Utah businesses and another $5 million over five years for mentoring programs and classroom education for small business owners which will be taught by the College’s School of Professional and Economic Development. This program will help give Utah small-business owners access to resources and capital that they need to expand their companies and create new jobs in Utah.

The College was selected as a 10,000 Small Businesses partner as the state’s comprehensive community college and Utah’s largest provider of workforce development programs. SLCC was also an attractive partner because of the full slate of resources and programs at the Miller campus that help Utah's small businesses including the Women’s Business Institute, the Salt Lake Small Business Development Center, and the Utah Small Business Development Center Network.

President Bioteau spoke about the opportunities this program will make possible for the College. “Core to the mission of SLCC is economic and workforce development. To be chosen by Goldman Sachs as Utah’s national training partner for building 10,000 Small Businesses is affirmation that we are who we say we are, and now in an even bigger way. Goldman Sachs’ award of $15 million over the next five years will greatly support our state’s small businesses and corresponding economic outlook.”

SLCC will be the lead partner in delivering the program, and will work with the Pete Suazo Business Center, the Salt Lake Chamber, the Salt Lake Small Business Development Center, the Utah Hispanic Chamber of Commerce and the Utah Small Business Development Center Network.

“This program compliments the services SLCC currently offers small business owners,” said SLCC Dean of the School of Professional and Economic Development Karen Gunn. “As a result of this program, the College will be better able to meet our mission in providing small business owners with support, better able to leverage local partners, and will have an enhanced ability to engage with national partners to support small business growth—which accounts for more than 80% of the state’s economic growth—in Utah.”

This is the eighth program currently active in the country, following Chicago, Cleveland, Houston, Long Beach, Los Angeles, New Orleans and New York.

Classes will begin in the winter of 2013. More information is available at: www.slcc.edu/10ksb.

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