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Avoid any churlish impulse to wonder why Cleveland, Chicago. Philly, Miami, Houston, New Orleans, Salt Lake City, LA, Long Beach and seven other cities got an investment bank's helping hand before Detroit.
These are among small business participants elsewhere in the program.
No need to quibble, now that we've made the cut, as two business rock stars will announce here early next week, according to David Shepardson of The Detroit News:
Detroit will be named the 17th city of Goldman Sachs’ $500 million “10,000 Small Businesses” initiative on Tuesday.
The company’s CEO, Lloyd C. Blankfein, is expected to travel to Detroit to make the announcement with city and state officials.
Warren Buffett, co-chairman of the 10,000 Small Businesses Advisory Council, also will attend. . . .
The small-business initiative is aimed at helping entrepreneurs create jobs and boost economic opportunity by providing them with greater access to education and training, financial capital and business support services.
Miami made the cut last month and now it's Detroit's turn.
Applicants picked for the free program, conducted with a college or economic development partner in each area, gain access to loans, an 11-session course, one-on-one mentoring and networking help for startups, contractors, merchants and other small operations. (Overview video is below. Online applications for Detroit will be available soon at this program page.)
Shepardson couldn't identify the local partner or shake loose advance details from a Goldman Sachs representative who confirms Detroit's selection.
Gov. Rick Snyder, Detroit Mayor Dave Bing and other government officials are expected to be on hand for the announcement Tuesday.
MSNBC’s “Morning Joe” program, which airs from 6-9 a.m., is expected to feature the event Tuesday. . . .
