In 2009, during the dark days following the financial crisis, Goldman Sachs (GS) pledged $500 million to the nation’s struggling small businesses. (It was also a time when the investment bank’s reputation was at a nadir.) The idea: Goldman would spend $300 million to fund lenders focusing on economic development in low-income neighborhoods and $200 million for entrepreneurship education.
Photograph by Carlos Osorio/AP Photo
To read the original article: Goldman Sachs Bets Entrepreneurship Will Help Detroit Bounce Back - Businessweek
