Goldman Sachs 10,000 Small Businesses Detroit

What Goldman Sachs 10,000 Small Businesses Detroit does

Goldman Sachs 10,000 Small Businesses Detroit is a regional chapter of the Goldman Sachs 10,000 Small Businesses Program, a no-cost, 12-week business education initiative for small business owners in the Detroit Metro Area. The program delivers cohort-based classes three times per year (Winter, Summer, Fall), held weekly on Fridays from 8:30 am to 5:30 pm with supplemental evening clinics at Wayne State University's Tech Town campus in Detroit. Eligibility requires applicants to be owners or co-owners of businesses in operation for at least two years, generating over $75,000 in most recent fiscal year revenue, with a minimum of two employees.

The program's curriculum is developed and delivered in partnership with Babson College (entrepreneurship education) and the Initiative for a Competitive Inner City (ICIC), with Wayne State University serving as the host institution providing physical classroom facilities. Curricula cover business strategy, leadership development, financial management, and access to growth capital, targeting entrepreneurs across multiple industries and demographic segments. Application intake runs through a Qualtrics online form linked from the program's dedicated website (detroit10ksb.com), which serves as the program's primary marketing surface.

The entity operates as a philanthropic program chapter rather than a standalone commercial enterprise. It is funded entirely by Goldman Sachs as a corporate social investment and charges no tuition, fees, or other costs to participants. The program does not generate revenue from program delivery; it generates participant outcomes (reportedly revenue growth and job creation among graduates) but no commercial revenue. The operating team is small, and outreach is limited to the program website plus a general email contact ([email protected]).

Name

Goldman Sachs 10,000 Small Businesses Detroit

Legal name

Goldman Sachs 10,000 Small Businesses Detroit

Website

https://detroit10ksb.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Goldman Sachs 10,000 Small Businesses Detroit is a no-cost, 12-week cohort-based business education program for Detroit Metro Area small business owners, delivered at Wayne State University – Tech Town in partnership with Babson College and ICIC.

Ownership category

akta.pro rank

Product category

Business Education and Entrepreneurship Training

NAICS

Professional and Management Development Training (61143), Business Schools and Computer and Management Training (6114)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Entrepreneurship & Small Business Workforce Programs (EDAAAOAM)

akta.pro secondary industries

Executive Education & Corporate Programs (Non-degree) (EDAHAHAN), Small Business & Entrepreneurship Community Education (EDAAAFAK)

Keywords

• Business education
• Small business training
• Entrepreneurship program
• Executive education
• Business development

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. No-cost program (philanthropic/educational initiative): Goldman Sachs 10,000 Small Businesses Detroit is a free educational program funded by Goldman Sachs and its partners. The program has no revenue generation model as it provides business education at no cost to participants. Funding comes from Goldman Sachs' 10,000 Small Businesses initiative.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

The company delivers the Goldman Sachs 10,000 Small Businesses Program, a free, 12-week, cohort-based business education program for small business owners in the Detroit Metro Area. Classes are held weekly (typically Fridays, 8:30 am–5:30 pm) plus evening clinics at Wayne State University – Tech Town, three times per year (Winter, Summer, Fall). The curriculum, built with Babson College, covers business strategy, leadership, access to capital, and operational scaling for entrepreneurs with at least 2 years in business, $75,000+ in revenue, and 2+ employees.

Product overview

The Goldman Sachs 10,000 Small Businesses Program is a single, comprehensive business education initiative designed for small business owners ready to scale their companies. The program is offered at no cost and delivered through cohort-based instruction over 12 weeks, with classes held three times per year (Winter, Summer, and Fall) at Wayne State University's Tech Town location in Detroit.

Differentiator

Problem solved

Functional benefit

Products and services

• Goldman Sachs 10,000 Small Businesses Program (Detroit chapter) A no-cost, 12-week, cohort-based business education program for small business owners in the Detroit Metro Area, offering world-class curriculum developed with Babson College, expert advice, leadership development, access to capital resources, and a peer community to help participants strengthen business foundations and scale operations. Classes meet weekly (typically Fridays 8:30 am–5:30 pm) plus evening clinics at Wayne State University – Tech Town.

Quantifiable outcome

• Revenue growth among graduates
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and flagship.

• Wayne State University – Tech TowncoreStrategic or Co-development PartnerHost institution providing physical classroom location for weekly cohort classes. Located in Detroit, serving as the primary training venue for the 12-week program.
• Babson CollegeflagshipStrategic or Co-development PartnerAcademic partner providing curriculum expertise and educational framework. Babson College contributes to the best-in-class curriculum design for the program.
• Initiative for a Competitive Inner City (ICIC)coreStrategic or Co-development PartnerStrategic partner supporting the program's focus on urban small business development. ICIC is a national nonprofit focused on economic vitality in inner cities.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• SCORE: National nonprofit providing free mentoring, education, and resources to small business owners. Closest direct competitor for the same SMB population; differs in mentor-led delivery vs. cohort-based curriculum.
• Tory Burch Foundation: Corporate-backed nonprofit providing business education, mentoring, and access to capital for under-represented entrepreneurs. Highly comparable mission, philanthropic funding model, and target audience.
• Small Business Development Centers (SBDC): Federally-funded network of free small business advising and training centers. Competes for the same cohort of growth-stage SMB owners in the Detroit metro area; serves as a direct alternative to the Goldman Sachs program.
• Goldman Sachs 10,000 Small Businesses (National Program): The parent national program running identical 12-week cohort-based business education in other US cities (e.g., NYC, Houston, LA). Identical curriculum, funding source, and audience; only the local host partner (Wayne State Tech Town in Detroit) differs.

Others

• Kauffman Foundation: National foundation funding entrepreneurship research, education, and ecosystem-building. Thematic peer as a major funder and convener in the SMB/entrepreneurship education space.
• Initiative for a Competitive Inner City (ICIC): Strategic partner and national nonprofit focused on economic vitality in inner-city neighborhoods. Comparable mission overlap and audience (urban SMB owners), with programs and research that complement the Detroit chapter.
• Babson College (Entrepreneurship Programs): Curriculum partner for the Detroit program and broader source of entrepreneurship education. Direct parent of the program content; comparable as a producer of SMB and entrepreneurship training at scale.

Emerging players

• Hello Alice: Digital platform providing free business education, community, and grant access to SMB owners. Emerging player with overlapping audience but delivering primarily through online channels rather than in-person cohorts.
• Goldman Sachs 10,000 Women: Companion initiative to 10,000 Small Businesses, focused on women entrepreneurs. Operates under the same Goldman Sachs umbrella with similar cohort-based, free education model for a more specific audience.

Broad incumbents

• FedEx Small Business Center: Corporate-backed resource hub offering free education, tools, and grants for SMB owners. Broad incumbent offering similar value (free resources for SMBs) but not a cohort-based structured program.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/goldman-sachs-10-000-small-businesses-detroit

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Goldman Sachs 10,000 Small Businesses Detroit