Long Beach City College 10,000 Small Businesses Scholars
Two graduates of the Goldman Sachs 10,000 Small Businesses program at Long Beach City College are among the 13 entrepreneurs, small business champions and resource partners in the greater Los Angeles area who are being recognized for helping to drive the regional economy and accelerate economic recovery. These awards were announced in observance of National Small Business Week by the Los Angeles District Office of the U.S. Small Business Administration (SBA).
Every year since 1963, the President of the United States has designated one week as National Small Business Week in recognition of the small business community’s contribution to the American economy.
Small Business Persons of the Year has been awarded to Ada Chan (pictured) and Amanda Ma, principals and co-owners of Fresh Events Company, located in Pasadena. Founded in 2006, Fresh Events Company creates winning events with an eye towards quality, creativity and producing measurable results. Chan and Ma have grown the company into a million-dollar business with 100 percent projected growth in 2012. Fresh Events Company employs five full-time employees and more than 60 contractors annually. As part of the co-owners’ commitment to giving back, the company has integrated a successful internship training program for students looking for career development and opportunities in event planning, and the Fresh Events team has also donated over 1,200 service hours, $20,000 of in-kind products and $20,000 in monetary donations to community organizations.
As a recent graduate of the 10,000 Small Businesses program at Long Beach City College, Chan remarked, “It's a wealth of information that takes commitment. Once committed, you will benefit. It's almost like exercise - hard to start but once you do, it’s the best thing you can do for your business and your well-being.”
Environmental “Green” Conservator of the Year has been awarded to Fredrick H. Johring of Golden State Express, Inc. located in Long Beach, CA. Since 2003, Golden State Express, Inc. has transported containers to and from the Southern California Ports of Long Beach and Los Angeles. In 2009, Johring changed the way GSE did business with the advent of the state-mandated initiative for Clean Truck Programs in the Long Beach and Los Angeles Ports. Over a three year period, GSE purchased 23 new clean trucks, 12 of them LNG (Liquefied Natural Gas) trucks resulting in a reduction in fuel expenses and in cleaner air in and around the port. In addition, GSE now has over 30 truck drivers operating these new clean trucks. To utilize the new trucks more efficiently, GSE is running two shifts per day. Recently, GSE was among ten local maritime and cargo companies selected for the Clean Air Acton Plan Air Quality Award by the Ports of Los Angeles and Long Beach for taking extraordinary measures to reduce emissions, modernize facilities and implement innovative operations to reduce air pollution.
“With the assistance that the Goldman Sachs 10,000 Small Businesses program gave me, I am excited about the growth of my company. We are on our way, and I couldn’t have envisioned this kind of success if I hadn’t taken that first step,” said Johring.
“It is very rewarding to see how the 10,000 Small Businesses program has transformed the way our scholars think about their business and be excited about growth,” said Sheneui Weber, Executive Director of the Goldman Sachs 10,000 Small Businesses program at Long Beach City College. “We are proud of the achievements of Ada and Fred, and pleased that Long Beach City College has been able to play a role in their success and that of many small businesses.”
The 13 winners will be honored at the SBA Los Angeles District Office’s Small Business Week award luncheon in Los Angeles. The awards luncheon includes a small business expo and networking reception and is co-sponsored by the Los Angeles Area Chamber of Commerce.
The Goldman Sachs 10,000 Small Businesses program at Long Beach City College is already making an economic impact. Data from the inaugural cohorts in New York and Long Beach show that 50 percent of the small businesses have added employees and 75 percent of the small businesses have increased revenues within six months of graduation from the program.
LBCC has graduated over 110 businesses since the program was launched in June 2010 in Long Beach. The program, designed to create jobs and assist businesses to grow and expand, is accepting applications for its next cohort.
The Long Beach Community College District (LBCCD) is one of the largest single college districts in the California Community College System. LBCC is a comprehensive college which provides quality educational programs and related students services to nearly 30,000 students pursuing a wide range of degrees, certificates, transfer and other courses of study. LBCCD is a driving force in the local economy, providing over 2,300 local jobs and a commitment to Economic and Workforce Development. LBCCD’s economic activity generates over $2.12 million daily in the region’s economy. The College is also in the middle of a $700 million construction bond program that was approved by local voters.
The Goldman Sachs Group, Inc. is a global financial services firm. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.