Giants of the finance and philanthropic worlds recently gathered in Baltimore to pledge their support and resources for the city’s small business community, through a partnership that includes Maryland’s flagship HBCU.

Michael Bloomberg, former Mayor of New York city and founder of Bloomberg Philanthropies, Warren Buffett, the legendary investor known as “the Oracle of Omaha,” and Goldman Sachs CEO Lloyd Blankfein, joined Baltimore Mayor Catherine Pugh, Maryland Governor Larry Hogan and Dr. David Wilson, president of Morgan State University, at Center Stage to announce a $10 million investment to bring the Goldman Sachs 10,000 Small Businesses initiative to Baltimore, with Morgan State anchoring the program locally.

(Screengrab from video @MayorCatherinePugh on Facebook)

The announcement came following a graduation ceremony for 59 local small business owners, who completed back-to-back classes as part of the Goldman Sachs 10,000 Small Businesses program.

“Baltimore is an enterprising city and we are grateful to Goldman Sachs 10,000 Small Businesses and Bloomberg Philanthropies for choosing to invest in our local entrepreneurs,” said Mayor Pugh. “Through this commitment, we look forward to accelerating their potential not only as business owners, but also as job creators and community leaders.”

A consortium of Baltimore higher education institutions including Johns Hopkins University—Bloomberg’s alma mater—the Community College of Baltimore County and Morgan State University will coordinate and implement the small business program.

“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.”

The small business initiative will provide business and management education, access to capital and business support services.

(Screengrab from video @MayorCatherinePugh on Facebook)

“Hundreds of Baltimore small business owners will have the opportunity to receive a world-class business education, along with hope and opportunity,” said Governor Hogan. “It is all because this great program chose to invest in Baltimore, and today’s graduates chose to invest in themselves.”

The Goldman Sachs 10,000 Small Businesses initiative has reached more than 6,300 small business owners across 14 U.S. education entities, according to Bloomberg Philanthropies.

“Small businesses make up the majority of American jobs,” Bloomberg said. “They’re engines of innovation and new ideas and they form the backbone of successful cities. We should do everything we can to help them grow, which is why we are extending our support for the 10,000 Small Business program here in Baltimore.”