Goldman Sachs has committed $20 million to help spur small-business growth and job creation in the Dallas-Fort Worth region, the Dallas Morning News reports.

The commitment, part of the firm's 10,000 Small Businesses initiative, a $500 million effort to promote entrepreneurship in the U.S. that includes an MBA-style training component, includes $15 million for loans to small businesses. The Dallas County Community College District will spearhead the initiative's educational component in the region, while microlender Accion will serve as the lending partner.

"Most of these small businesses are microbusinesses, and people do not understand how to grow them and what it's going to take," Dallas mayor Mike Rawlings told the Morning News. "To get a training program like this and to put these businesses through that immediately turns these microbusinesses and allows them to grow."