By Justin Udo

PHILADELPHIA (CBS) – More than two dozen local businesses are graduating from a Goldman Sachs program designed to help them raise their profit and make more local hires.

Twenty-seven business owners from around the area took part in the 14 week program. The courses focused on ways that helped the companies create jobs and economic growth by getting a practical business education.

Margret Berger Bradley is the programs executive director. She says the participants also gained access to capital and business support services:

“The businesses in this program ranged from businesses that are two years old to 84 years old in this group. 20 something year olds to 60 something year olds. every sector across the region.”

Mayor Michael Nutter was on hand Saturday to congratulate the graduates.

“To hear these business people talking about how their businesses are already benefiting how they’re already growing, it’s just really thrilling,” he said.

In the one year the programs been in Philadelphia, its graduated 50 small businesses.