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Entrepreneurs Daily Dose
Small businesses have been crying for help getting loans for two years now. And finally, help arrives from an unexpected quarter: global investment banking and securities firm Goldman Sachs is teaming with savvy American investor-icon Warren Buffett to offer $300 million in financial aid to small businesses, coupled with $200 million more for college-level training for entrepreneurs.
The initiative, dubbed 10,000 Small Businesses, will pump the funds into Community Development Financial Institutions, or CDFIs. CDFI managers will then make the loans.
The program kicks off in New York, with first funding going to CDFI Seedco Financial Services, and training at the Small Business Development Center based at La Guardia Community College in Queens.
CDFIs have already been in the news recently, as the stimulus bill jacked up the federal funding contribution to these community lending institutions from the $50 million level of the Bush era to $400 million. Large lumps of cash granted to CDFIs see their impact greatly magnified in the marketplace, as each dollar tends to leverage another $17 or so of private investment.
There's been plenty of cynical reaction in the blogosphere to the announcement. Is Goldman's plan simply a PR move to help distract the public from the billions in bonuses they gave their execs shortly after taking federal TARP funds? Do business owners care if the new funds will actually help small businesses? Will it really help small businesses? Weigh in with your opinion.
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Rise Above It All
I am sure at some point of our lives we have been disappointed either in relationships, careers, and /or social situations; however, should we continue to carry that around with us... a victim mentality? No we should not. If you always see yourself as a victim, you will always be a victim, whether it be a victim of assault, incest and/or racial prejudice. Sooner or later one has to regain power... power over themselves, their lives and their emotions. A power that allows the
… ContinueCreated by Carla Barnes Nov 28, 2009 at 11:59pm. Last updated by Carla Barnes Nov. 29, 2009.
Leveraging Social Networking Sites to Generate Business
From Scott Allen, About.com Guide
Stepping into the conference room, I realize that I'm headed into an appointment with very little information on what's about to happen or with whom I'll be meeting. I know the names of the participants, but would not recognize them if I passed them on the street. Nonetheless, I'm pleased with the opportunity and eager about what may materialize from this gathering.
Now here's the punchline: this entire in-person meeting was arranged online with th
… ContinueCreated by Carla Barnes Nov 28, 2009 at 10:09pm. Last updated by Carla Barnes Nov. 29, 2009.
The Smart Networking Blog
Smart Social Networking For Your Small Business
Some techniques work and some don't. Here's a cheat sheet.
Next to mobility and cloud computing, social networking was the talk of Interop this year--especially at a conference session devoted to social software tools and a portion of the Unconference, where real SMB users talked about how to make the most of it.
But perhaps the best thing I learned about social media came in a meeting with s
… ContinueCreated by Carla Barnes Nov 28, 2009 at 10:03pm. Last updated by Carla Barnes Nov. 29, 2009.
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