Nick Banks Completes Goldman Sachs 10,000 Small Business Intensive Entrepreneurship Training at Babson


Front Street Commercial Real Estate Group managing director Nick Banks was recently one of 137 small business owners to complete the Goldman Sachs 10,000 Small Business, a national program created to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital, and business support services. The graduates of the program this spring completed the blended online and face-to-face program that delivers intensive entrepreneurship training and practical training from Babson’s business experts and peers, alongside educational teams who teach the 10,000 Small Businesses program at community colleges across the country. 

“It was an honor to be a part of this program” said Nick Banks, managing director, Front Street, “The curriculum was amazing but having the opportunity to interact with other small business owners from across the country was a unique opportunity.”

Babson has been partnering with Goldman Sachs and others on the 10,000 Small Businesses program since 2010, and has helped train over 200 faculty and staff who deliver the program primarily at community colleges throughout the United States, as well as through the national blended learning program at Babson College. The program is designed to nurture business growth, and the businesses of the owners who participate are at least two years old with at least four employees. The small businesses in this group represent a total of $240M in revenues and over 3,000 jobs from a broad range of industries

“We’re proud of our graduates of the Goldman Sachs 10,000 Small Businesses Initiative. These entrepreneurs put forth incredible effort to complete this program and we are confident their efforts will continue in growing their businesses. We are excited to watch their many successes,” said Kerry Healey, President of Babson College.

Starting in March, for 11 weeks, these small business owners connected with peers and worked together through practical business education delivered through a blend of online and in-person sessions.

“The program is designed to be highly participative, focusing on peer and experiential types of learning - just Babson’s style,” said Babson Professor Patricia Greene, National Academic Director of Goldman Sachs 10,000 Small Businesses and 10,000 Women. “Babson is proud to see these business owners applying what they have learned to take their next steps in growing their revenues, creating jobs, and supporting our economy.”

ABOUT FRONT STREET:
Front Street Commercial Real Estate Group is a leader in the Florida commercial real estate business.  The company’s mission is to impact its community, clients and industry by doing commercial real estate differently.  Front Street is committed to leadership in the commercial real estate business by offering superior brokerage, commercial mortgage banking and property management solutions to its commercial real estate clients.  For more information, please contact Nick Banks at nickb@frontstreet.net or 352.505.3884, or visit the Front Street website at www.FrontStreet.net

ABOUT GOLDMAN SACHS 10,000 SMALL BUSINESSES:
Goldman Sachs 10,000 Small Businesses is based on the broadly held view of leading experts that greater access to this combination of education, capital and support services best addresses barriers to growth for small businesses. 10,000 Small Businesses is guided by an Advisory Council on which Babson President Kerry Healey serves and is co-chaired by Goldman Sachs chairman and CEO Lloyd C. Blankfein, Bloomberg L.P. founder, president and CEO, and 108th Mayor of the City of New York Michael R. Bloomberg, Berkshire Hathaway chairman and CEO Warren Buffett, and  the Initiative for a Competitive Inner City’s Dr. Michael Porter.  The National Urban League and the U.S. Hispanic Chamber of Commerce are also represented on the Advisory Council, among other groups. To apply for the 10,000 Small Businesses business and management education program, please visit www.10KSBapply.com.  

ABOUT BABSON COLLEGE:
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds®. The top-ranked college for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought & Action® as the most positive force on the planet for generating sustainable economic and social value.

Comment

Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

 Subscribe in a reader

Subscribe to Front Street's News Page by Email