Dina Powell, president of the Goldman Sachs Foundation, recently spoke at Duke’s Sanford School. She discussed several Goldman Sachs’ programs which are built on the concepts of social enterprise and entrepreneurship operating through women owned and small businesses as a means of improving lives and communities.
The 10,000 Women’s goal is to stimulate economic growth by providing 10,000 women around the world with management and business education, mentoring, and access to capital. With a focus on helping women outside the United States, the program seeks to positively impact the lives of these women, their families, and their communities.
The 10,000 Small Business Program is a public-private partnership designed to create growth and job creation among small businesses throughout the United States. Currently they are focused on 12 urban areas and provide education and access to capital to small businesses in these communities. Currently the program does not operate in the harder to reach and smaller markets and communities in rural areas of the United States.
By focusing on women overseas and small businesses which create the majority of the jobs in the U.S., these program integrate the concepts of social enterprise and social entrepreneurship as a transformative power for the communities and individuals.
A significant challenge is how to scale these programs. What suggestions do you have?
To read more about these program: