An Associated Press report published on Diverse Issues in Higher Education last November stated that Goldman Sachs is teaming up with billionaire Warren Buffett to provide $5 million to support small business owners in a variety of ways. Of that amount, $3 million will go to increasing opportunities for financial capital, while $2 million will be earmarked for education and training. The advisory council for the 10,000 Small Businesses initiative will be co-chaired by Buffett, Goldman Sachs CEO Lloyd Blankfein and Harvard Business School Professor Michael Porter.
- Access to Financial Capital – Goldman Sachs will invest $300 million in a combination of lending and donations to Community Development Financial Institutions to increase the amount of growth capital available to small businesses.
- Business Education – Additional education and training will be available to business owners through a partnership between Goldman Sachs, local community colleges, universities and other educational institutions . . . read more
Most community colleges require that students take three placement tests prior to registering for classes. The placement tests include a basic math section, a reading comprehension section, and a writing composition section.