Goldman Shares a Little. Small Businesses Benefit

Thursday, November 19, 2009

Goldman Sachs is sharing the wealth - some of it - through its 10,000 Small Businesses Initiative, which aims to offer business know-how and support to Main Street. Melissa Berman, President and CEO of Rockefeller Philanthropy Advisors discusses whether it will repair the firm’s battered image. Then Gail Mellow, president of LaGuardia Community College explains how the Small Business Development Center will leverage its donation to help small businesses in NYC.


Melissa Berman and Gail Mellow
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Comments [4]

Martin Millman from Queens

Wish you guys had done some research about what goes on behind the scenes at LaGuardia CC. I taught for decades in the Mathematics Department there. Its full-time faculty in the majority does not even know basic high-school math (trigonometry, etc.), having received their degrees from diploma mills. Qualified faculty are driven out of the department. It's been turned into a racial battle zone. The new chair is trying to turn it around, but is facing constant resistance from the entrench powers represented by Mellow. The computer science department was liquidated by fiat by Mellow. This is no great loss--many of them know nothing about computers at all, but got their degree from diploma mills.
Many other CUNY community colleges function on the same woefully low level. BMCC is a prime example of this. Kingsborough CC is a country club, very little education goes on there. Queensborough CC functions much better, which is not to say particularly well. The same for Bronx CC.
The other question is, why is job-creation, funneling seed money into businesses, the province of a community college? The answer: It's all about the money. If there's grant money to be had, you know Mellow will run after it, no matter how tangential it is to the community college's real mission.

Nov. 27 2009 11:12 AM
bruce piggot from 07002

While education and community colleges serve to uplift poorer social classes to think the effort by Goldman Sachs seems another corporate effort to wash off their dirty public image; they have plenty to spend to clean it up don't they.

Bottom line: Education as well as most social programs wouldn't need corporate welfare if they paid their fair of taxes.

Bruce Piggot

Nov. 19 2009 12:29 PM
Derek from 42nd St.

Wow, Goldman Sachs investing in small busines and will probably bet against these businesses just like the mortgages they packaged, sold and bet against. How much is Goldman Investing? A few million out of the Billions they robbed. Goldman is a horrible comapny and this is just a publicity stunt for all the billions they recieved from the BAILOUT.

Nov. 19 2009 10:39 AM
kai from NJ-NYC

Community colleges are some of the most democratic, civic-minded, experiential affordable, and undervalued educational institutions in the U.S. I'm glad they're getting more support.

Nov. 19 2009 10:39 AM

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