Black Businesses in Chicago Benefit from Goldman Sachs Program


By Stacy M. Brown (NNPA Newswire Contributor)

CHICAGO — Nearly 500 Chicago businesses have joined thousands of entrepreneurs across the country in an initiative to create jobs.

The entrepreneurs are participants in Goldman Sachs “10,000 Small Businesses,” a scholarship-based program that convenes small business owners to learn critical business skills and create growth plans for their companies.

One of these local entrepreneurs is Kimberly Moore, the president of KDM Engineering, a multi-faceted engineering firm in the power and utilities industries.

“Since completing the program last year, we have hired five new people, and created new jobs by hiring other diverse firms. We have become a very valuable community partner, because we’re helping to change people’s lives,” said Moore. KDM Engineering has built a reputation of providing excellent project support while maintaining a superior level of customer service with each client.

Located in Chicago, KDM Engineering specializes in mid-to-high-voltage distribution design.

“We currently focus on providing engineering design support along with program and project management to the electrical utility,” Moore said. “Our prime client right now is Exelon Corporation.”

Exelon is a Fortune 100 energy company, signifying Moore’s success in winning contracts with larger clients.

Moore’s story is not unique.

The Goldman Sachs “10,000 Small Businesses” curriculum is designed by Babson College, the leading business school for entrepreneurship. Just six months after graduation, nearly 69 percent of alumni grow revenues.

Approximately 48 percent of the alumni create new jobs within that same timeframe. As a comparison, 23 percent of U.S. small businesses added new jobs in 2015.

For Moore, the program was a key step to understanding growth opportunities for her business.

“The ‘10,000 Small Businesses’ program has helped me direct my energy to the right places,” Moore said. “KDM was already a growing company with lots of opportunities, but ‘10,000 Small Businesses’ and the faculty helped me focus on one opportunity at a time and see those opportunities from different perspectives. This allowed me to differentiate between what was good for us and what wasn’t.”

While participants in ‘10,000 Small Businesses’ hail from a wide array of industries, they engage in the program from their shared experience as entrepreneurs.

Chicago alumni include businesses focused on hospitality, health and fitness, food service, staffing, education, senior care, and other industries.

Through the peer-to-peer learning environment, participants focus on overcoming universal business challenges – such as human resources, access to finance, and leadership.

“As an entrepreneurial leader, I learned that although I had come this far on my own, I didn’t have to remain alone,” Moore said.

“I learned that networking is key, but for a multitude of reasons. It isn’t always about who can introduce you to a potential lead,” she said, adding that, “it’s also about placing yourself in an environment of learning and sharing. After graduation, I had 36 additional resources that I could speak to or bounce ideas off.”

With an eye toward the future, Moore is ready to keep growing her business.

“I have a 5-year plan that would employ 75 people with revenue of $65 million,” she said. “KDM will be in multiple markets both nationally and internationally delving into the arena of renewable energy.”

Business owners are invited to apply to the next cohort of Goldman Sachs 10,000 Small Businesses at the City Colleges of Chicago. Learn more at:


  1. The November 28, 2016, Chicago Sun-Times, Fran Spielman article: “Black Politicians Unite After Murder of Congressman’s Grandson” outlined specifically the exact plan that Todd Elliott Koger has shared with the Congressional black leadership, the “Movement for Blacklivesmatter,” Rev. Jesse Jackson, private foundations, and the like. In fact, Mr. Koger had already complained that the Urban League also usurped this proposal.

    None of the black leadership named in the Chicago Sun-Times article had previously demonstrated any interest for the suggestion until apparently “word got out that Mr. Koger also shared the Plan with Donald Trump.” That is, the black leadership named in the Chicago Sun-Times’ article has always taken direct issue with Mr. Trump arguing that “BLACKS ARE NOT LIVING IN THE PRECARIOUS SITUATION OUTLINED.” Donald Trump was the only one willing to listen to Mr. Koger (blacks have been voting almost 50 years “straight” Democrat and our situation remained the same or worst).

    First Mr. Trump issued an online video that addressed our plight. Next he went to Michigan and then took the message to Milwaukee, Wisconsin. Thereafter, Mr. Koger packaged the visual optics and shared Mr. Trump’s fight against the “status quo” with black America to grow an arsenal of black Trump supporters.

    When “sh*t hit the fan” in October 2016 and everyone started to run from Mr. Trump . . . Mr. Koger suggested the need for a new “writing” for black America to put things back on track. Thereafter, Mr. Trump almost immediately issued a “New Deal For Black America.”

    Donald Trump owes his victory to “predominately black Democratic strongholds of Pennsylvania” who were convinced to give Mr. Trump more votes than the previous Republican Party presidential candidate. African Americans like Todd Elliott Koger convinced hundreds of thousands blacks in Pennsylvania, Michigan, Wisconsin, and various other states to boycott the vote and/or the traditional “straight” Democratic Party vote.

    Mr. Trump’s “margin of victory” is realized when you combine this with an increase of “Obama white voters” in Wisconsin and Michigan voting Trump in 2016. Trump won Pennsylvania by 1.1 percentage points (68,236 votes), Wisconsin by 0.9 points (27,257 votes), and Michigan by 0.2 points (11,837 votes). If Hillary Clinton had won all three states, she would have won the Electoral College 278 to 260. She fell short in all three.


Please enter your comment!
Please enter your name here