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Wednesday, March 12, 2008

On Talent Building: Goldman Invests in Ten Thousand Women

By Francisco Noguera

Goldman Sachs LogoWho better than two remarkable female leaders to quote?introducing Goldman Sachs' recently launched 10,000 Women program?

"Creating more female entrepreneurs in developing and emerging economies satisfies all the requirements of smart development: the benefits will multiply far beyond the investment; it is sustainable over the long run; it is adaptable to local needs; it is focused; it is measurable and it helps beneficiaries, communities and states alike." Linda Rottenberg, Co-founder & CEO, Endeavor"The professional development of talent is a critical component of addressing global inequities. Providing women with access to education gives them entrepreneurial tools they need to build their own futures - which in turn creates a corps of leaders with the skill and will to effect broader change." Jacqueline Novogratz, Founder & CEO, Acumen Fund

Goldman Sachs will invest $100 million over the next five years in providing 10,000 women in developing economies with business and management education. Also, through partnerships with U.S. and European Universities, the program?seeks to?strengthen business education programs in developing countries.?

Once again,?the importance of building talent and execution capacity in the field arises.

Recent Goldman Sachs research highlights this kind of investment as the one with the highest possible social return. I can only agree and express my admiration for this visionary initiative.???
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