Baltimore City is expanding its small business creation imperative to base more than 10,000 new start-up companies in the area, and the city’s flagship historically black university is serving as a lead partner in the educational training for new entrepreneurs.
Morgan State University is an institutional partner in the 10,000 Small Businesses Initiative, a $10 million program launched by the State of Maryland, Baltimore City, Goldman Sachs and Bloomberg Philanthropies as part of a growing network of states working to spur job creation nationwide.
Morgan, along with Johns Hopkins University and the Community College of Baltimore County, will deliver business management and entrepreneurial training in finance, accounting and negotiating to program participants.
University President David Wilson called the initiative a natural expansion for the city’s industrial goals and higher education’s role in spurring economic growth.
“Bringing this program to Baltimore is great for our city and will support its continued success in producing entrepreneurs,” said Morgan President David Wilson. “As an anchor institution, Morgan is committed to the city’s economic growth and development. We are honored for the opportunity to participate in this important public-private partnership and work collaboratively to move Baltimore forward in meeting that goal.”