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Lloyd Blankfein

Goldman Sachs-funded small-business program in Chicago to be extended

Goldman Sachs-funded small-business program in Chicago to be extended

Chicago will get another $10 million from Goldman Sachs to extend a program that aims to help small businesses grow, Mayor Rahm Emanuel plans to announce Wednesday morning with the investment bank's CEO.

The money, which builds on $25 million Goldman Sachs committed to Chicago in 2011 when it launched the program here, will allow the 10,000 Small Businesses program to continue through 2020.

The program, offered in cities throughout the country, has provided free business education, mentoring and access to capital to more than 500 small-business owners in Chicago since its launch. Chicago is the first city where Goldman has announced an extension.

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