Launched in 2018, Pacesetters is a partnership of large and midsized companies and anchor institutions who use their collective purchasing power to create opportunities at scale for local, ethnic minority-owned businesses. Pacesetters is aligned with the work of the Chamber’s Committee on Economic Opportunity which is charged with developing the united response of the business community to economic inequality.
Read our 2018 Pacesetters Impact Report.
Contracts: We aim to increase the number of contracts and dollars spent among Pacesetters and local minority-owned businesses through a purposeful matchmaking process and setting bold diverse procurement spending goals.
Peer Learning: We foster partnerships between companies by working together to share best practices, enhance supplier diversity efforts, and build momentum around the Pacesetters initiative.
Data-Driven Sourcing: We encourage commitment from Pacesetters to collect, measure, and report on their annual spending with local minority-owned businesses. We use this data to track progress and inform areas for diversifying spending.
Awareness: We work to raise awareness about the economic benefits of extending opportunities to minority-owned businesses and serve as a model for the Greater Boston business community.
Pacesetters are committed to increasing their supplier diversity spend in number of contracts and dollars. Pacesetters understand the business case of economic inclusion and have worked together to set aspirational goals to enhance their existing individual supplier diversity programs.
Each company is expected to measure, report and increase spending with local minority-owned businesses; exchange best practices with other Pacesetters; identify opportunities within their companies to contract with local minority-owned businesses; and participate in the Chamber’s educational, networking and matchmaking events and programs.
- Berkshire Bank
- Boston Children's Hospital
- Boston Red Sox
- Blue Cross Blue Shield of Massachusetts
- Citizens Bank
- Eastern Bank
- Emerson College
- Encore Boston Harbor
- Federal Reserve Bank of Boston
- Fidelity Investments
- Gilbane Building Company
- Greater Boston Chamber of Commerce
- John Hancock
- Massachusetts Housing Investment Corporation
- National Grid
- Northeastern University
- Nutter McClennen & Fish LLP
- P&G Gillette
- Partners Healthcare
- State Street Corporation
- Tufts Health Plan
- University of Massachusetts
- Vertex Pharmaceuticals
Are you a Chamber member who wants to learn more about participating as a Pacesetter? Contact us today!
“The Red Sox have really enjoyed being part of the initial cohort of Pacesetters companies. The Boston Chamber of Commerce has done a great job bringing together a community of like-minded companies that share common goals and it has been incredibly valuable to share ideas and best practices with this group.” -Tim Zue, Boston Red Sox, Chief Financial Officer
Pacesetters Priority Suppliers
Pacesetters Priority Suppliers are local, ethnic minority-owned businesses that have the operational and financial capacity to service the buying needs of large and midsized corporations and anchor institutions.
They are committed to:
- Growing a healthy and sustainable business revenue stream with corporate relationships
- Sharing information about their business to determine capability and potential matching
- Participating in the Chamber’s educational, networking and industry- specific matchmaking events
As we grow Pacesetters, we will continue to build partnerships & supplier pipelines with existing business support organizations throughout Greater Boston. Our current partners include:
- Business Equity Initiative (BEI)
- City of Boston
- Center for Women Enterprise (CWE)
- Commonwealth Corporation
- Greater New England Minority Supplier Diversity Council (GNEMSDC)
- Initiative for a Competitive Inner City (ICIC)
- Massachusetts Supplier Diversity Office
- Small Business Administration (SBA)
- CommonWealth Kitchen
- Boston Impact Initiative (BII)
- Local Initiatives Support Corp (LISC)
- Amplify Latinx – PowerUp Latinx Biz
“As a fairly new minority business, getting brand recognition is important to growth; being part of an initiative such as Pacesetters puts me in the company of other likeminded entrepreneurs and helps create a community for business engagement.” - April Teixeira, Corny Bread LLC, Founder and CEO
In the News
Boston Globe, January 18, 2019
Boston Globe, August 13, 2017
Bay State Banner, October 2017