Michael R. Bloomberg Joins 10,000 Small Businesses Advisory Council As Co-Chair

  Michael R. Bloomberg Joins 10,000 Small Businesses Advisory Council As
  Co-Chair

  Lloyd Blankfein and Michael R. Bloomberg participate in event designed to
                                   connect
 10,000 Small Businesses graduates with opportunities for continued coaching
                                 and guidance

Business Wire

NEW YORK -- June 2, 2014

Goldman Sachs today announced that Michael R. Bloomberg, Bloomberg L.P.
founder, philanthropist and Mayor of New York from 2002-2013, has joined
Goldman Sachs Chairman and CEO Lloyd Blankfein, Warren Buffett and Dr. Michael
Porter as a co-chair of the Goldman Sachs 10,000 Small Businesses Advisory
Council. The Council assists in the development, execution and evaluation of
the Goldman Sachs 10,000 Small Businesses program, which aims to help propel
small businesses forward.

On June 3rd, Lloyd Blankfein and Michael R. Bloomberg will participate in a
coaching session at Bloomberg L.P. designed to help accelerate the business
growth of 10,000 Small Businesses alumni by leveraging the professional
expertise of Bloomberg L.P. and Goldman Sachs employees. The event will
connect 10,000 Small Businesses graduates with opportunities for continued
coaching and guidance from experts in the fields of human resources, finance,
operations, marketing, strategy and IT.

“Mike Bloomberg has seen 10,000 Small Businesses grow from our pilot site at
LaGuardia Community College in 2010, and we are grateful for his commitment to
our program and to helping small businesses grow and create jobs,” said Lloyd
Blankfein. “The small businesses we serve will benefit from Bloomberg’s
leadership and experience as mayor, philanthropist, and entrepreneur.”

“Small businesses are the backbone of our nation’s economy, and the 10,000
Small Businesses program is aimed at helping them grow and create more jobs,”
said Mike Bloomberg. “I know how difficult it is to start a small business,
and I look forward to working with the Advisory Council to help more
entrepreneurs succeed across the country.”

“Mike Bloomberg is a visionary entrepreneur and innovator who knows a thing or
two about growing a business and creating jobs,” said Warren Buffett. “His
leadership will be invaluable as we work to maximize the impact of 10,000
Small Businesses, supporting the growth and job creation of small businesses
across the United States.”

“As a businessman, philanthropist and mayor, Mike Bloomberg understands the
critical role that small businesses play in the development and
competitiveness of inner city economies,” said Dr. Michael Porter of Harvard
Business School. “I look forward to working with him to help inner city small
businesses spur economic development and create jobs.”

Goldman Sachs 10,000 Small Businesses is a $500 million program that will
unlock the growth and job-creation potential of 10,000 small businesses across
the United States through greater access to business education, financial
capital and business support services. The program is active in urban and
rural communities across the United States. Sites include Chicago, Cleveland,
Dallas, Detroit, Houston, Long Beach, Los Angeles, Miami, New Orleans, New
York, Philadelphia and Salt Lake City. Access to capital is also available in
parts of seven states: Kentucky, Maine, Montana, Oregon, Tennessee, Virginia
and Washington.

A report released in February by lead 10,000 Small Businesses academic partner
Babson College found that just six months after graduating 64% of participants
have reported increasing their revenues, 45% of participants have reported
creating net new jobs and 80% of participants have worked or are working
together with other program participants. The program maintains a 99% graduate
rate.

Contact:

Goldman Sachs Media Relations
Leslie Shribman, 212-902-5400
 
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