The Workforce Reimagined
Goldman Sachs 10,000 Small Businesses Fellows is connecting small businesses and historically underrepresented college students through paid, semester-long internships.
Report: Addressing Talent Needs in Small Business
In Fall 2021,
Goldman Sachs piloted
10,000 Small Businesses Fellows as an innovative internship experience. It is supporting small businesses in reaching their business goals and investing in the professional growth of local talent. The early findings have been overwhelmingly positive and affirm the case for continued ways to connect small businesses to resources and new talent pipelines.
Read the Report
Who We Are
532 student applicants
250 small business applicants
$20/hour paid internship
Four pilot markets in:
- Baltimore, MD
- Cleveland, OH
- Dallas, TX
- New York, NY
Small Business Participants
“Investing in the future workforce means taking action today. 10,000 Small Businesses Fellows — which brings community college students and entrepreneurs together in high-impact internships — is our investment in that future.”
Asahi Pompey,
President, Goldman Sachs Foundation
“Since the pandemic, my company is understaffed, so I need support with marketing, research and project management.”
Psyche Terry
Business Owner
““[This was a] very helpful program. It has helped me fill in staffing needs, and I have enjoyed the opportunity to give back to my community through mentoring and teaching my fellow.”
Ebbah Realzola
Mexzim Corp., Dallas
“I have learned ... how to manage and administrate a business, how to interact and respond when facing [hard] circumstances, what it takes to be an entrepreneur and the financial side of [a small business].”
Danna Maravi
Dallas College
Why Fellows?
Small businesses have long expressed the need for workers with the fundamental skills to fuel growth, but often find difficulties building the workforce pipelines to recruit those workers.
At the same time, many college students express a lack of accessibility to real-world experience to navigate professional careers, even as they finish their academic experiences.
Goldman Sachs 10,000 Small Businesses Fellows is about bringing together these students and small businesses to solve educational and workforce needs.
As an extension of the existing 10,000 Small Businesses program — which provides educational and capital support to small business owners — this new focus on workforce needs ensures durable growth into the future.
Why is it needed?
Historically underrepresented college students are vital to our economy yet express lack of accessibility to the real-world experience needed to navigate professional careers. Small businesses have long expressed the need for workers with the fundamental skills to fuel growth, but they often find difficulties accessing workforce pipelines
What are the benefits?
Small business owners access a new talent pipeline to grow their businesses. Students gain real business skills and career opportunities. Participants gain a one-of-a-kind network through connections with other students, local small business owners and Goldman Sachs experts.
Program Details
What Can You Expect?
Who is eligible?
What's expected of you?