Economic Opportunity

Pacesetters understand the economic case for inclusion by increasing supplier diversity spend across local, state and national partnerships with businesses of color. Through the Pacesetters program, procurement practices emerge as an equity tool and a runway for action on creating systemic and economic opportunity.

Pacesetters are large and midsized companies and anchor institutions committed to using their procurement purchasing power to close the racial wealth gap by intentionally increasing spend with businesses of color. Our Pacesetter companies demonstrate their commitment to increasing their supplier diversity in both dollars and contracts. Our minority business enterprises (MBE), a listing of more than 90 businesses of color, have the operational and financial capacity to service the buying needs of major corporations. Through this network of MBEs, Pacesetter companies have an opportunity to make new and valid connections while we promote ways to share best practices across local, state and national lines. 

The added network of MBEs is meant to uniquely complement the existing business relationships within each company and add more depth to the program's mission by creating access and systems support. The Pacesetters Program is paving the way for greater economic opportunity within the Commonwealth of Massachusetts. 

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Pacesetters
  • Berkshire Bank 
  • Boston Children's Hospital 
  • Boston Red Sox 
  • Blue Cross Blue Shield of Massachusetts 
  • Citizens Bank 
  • Comcast 
  • Dentaquest 
  • 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 
  • Verizon 
  • Vertex Pharmaceuticals 

“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

Business Support Organizations

The Pacesetters initiative collaborates with business support organizations (BSO) throughout the region that are dedicated to uplifting and strengthening businesses of color. From state and city government offices to private business development firms, our business support organizations help provide capacity building tools, leadership assessment and professional development opportunities for businesses of color. The Pacesetters initiative relies on our relationships with BSOs to establish a trusted network of businesses of color who are ready to do business with our corporate and anchor Pacesetters. Through these partnerships, we have encouraged an ecosystem of support to ensure businesses of color thrive and prosper while elevating them to their next viable connection.

  • 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)
  • Interise  
  • Massachusetts Supplier Diversity Office
  • Small Business Administration (SBA)  
  • CommonWealth Kitchen
  • Boston Impact Initiative (BII)
  • Local Initiatives Support Corp‎ (LISC)
  • Amplify Latinx – PowerUp Latinx Biz
  • MA Gaming Commission on Supplier Diversity
  • Federal Reserve of Boston Reworking Initiative 
Doing Business Series

The Pacesetters "Doing Business" Series will allow MBE's to hear directly from procurement officers at Pacesetter corporations to learn about specific processes that may be unique to each company, including but not limited to, procurement procedures, RFP and bidding preferences, contract cycles, and more. Pacesetter corporations are invited to attend and learn best practices and procedures from peer Pacesetters. We also hope this will serve as a virtual networking opportunity for MBE's to meet Pacesetters procurement staff.

Presenting Sponsors