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MICUA Matters Newsletter

Johns Hopkins Supports Baltimore Entrepreneurs

Summer 2017

Over the past year, Johns Hopkins University (JHU) has played an integral role in bringing a nationwide program designed to boost small businesses to Baltimore. On August 2, program partners Goldman Sachs and Bloomberg Philanthropies announced a five-year, $10 million commitment to continue the program in Baltimore and named JHU the host site — the first site in Maryland.

"Johns Hopkins was thrilled to serve as the initial host and recruiting arm of the special session of the 10,000 Small Businesses program in Baltimore," said Ronald Daniels, JHU's President, about the two special sessions of a pilot program hosted by JHU over the past six months.

The Goldman Sachs program aims to increase economic opportunities by giving entrepreneurs a practical business education, support services, and access to capital. The free program will welcome 30 small-business owners in November and will be co-administered by Morgan State University and the Community College of Baltimore County.

The 100-hour curriculum, which consists of 11 full-day class sessions, includes instruction on identifying and capitalizing on growth opportunities, one-on-one business advising, and accounting workshops. Approximately 70 percent of participants report increasing their revenues just six months after graduating, and approximately 50 percent of participants report creating net new jobs in this same time period.