Boston Chamber Announces Addition of Greylock Federal
to Pacesetters
Introduced by Massachusetts Business Roundtable,
Greylock Commits to Using Its Purchasing Power to Help Close the Racial Wealth
Gap
Greater
Boston Chamber of Commerce, Massachusetts
Business Roundtable (MBR), and Greylock
Federal Credit Union are proud to announce Greylock Federal
Credit Union as a Signatory in the Chamber’s Pacesetters
program. Pacesetters, a signature program in the Chamber’s Economic Opportunity
portfolio, utilizes procurement as an equity tool to advance systemic and
economic opportunity across the Commonwealth of MA by focusing on access to
contracts for Massachusetts-based minority-owned enterprises.
By
increasing spend with businesses of color across the state, Pacesetter
companies and anchor institutions use their procurement purchasing power to
collectively close the racial wealth gap. A strategic partner in the work to
create systemic opportunity, MBR joined Pacesetters during the program’s
statewide expansion in Fall 2020 along with an array of business partners.
MBR’s robust conversation with their member base helped to elevate the
visibility of the Pacesetters program and explain the powerful impact that is
possible when businesses commit to equity as a collective front. Through their
MBR membership, Greylock Federal Credit Union enthusiastically joined
Pacesetters to use their procurement power to partner with minority business
enterprises in their local region and across the state.
“Pacesetters
is a stronger program with the addition of Greylock Federal Credit Union
joining the pool of buyers. During our statewide expansion, envisioning a new
business economy that prioritizes inclusivity and champions economic
opportunity meant reaching out to our business partners to strategize on a
larger scale. I’m grateful to JD Chesloff and the Massachusetts Business
Roundtable for their partnership in this important work. MBR introduced
Greylock to Pacesetters, acting as a true partner in closing the state’s racial
wealth gap,” said James E. Rooney, President and CEO of the Greater Boston
Chamber of Commerce.
By
joining the Pacesetters program, Greylock Federal Credit Union commits to
increasing spend with local and state businesses of color year over year for
five years.
“This
initiative falls squarely within our long-term commitment to what Greylock
calls IDEA: inclusion, diversity, equity and accessibility,” said Greylock CEO
and President, John L. Bissell. “Improving the inclusiveness of our purchasing
practices is one of many ways we can help close the racial wealth gap and
promote real change in the way our economy distributes resources and power.”
“The
disparity in awarding contracts to businesses of color is a statewide issue but
also a statewide opportunity,” said JD Chesloff, President and CEO of the Massachusetts
Business Roundtable. “By engaging with employers and expanding Pacesetters’
reach to all regions across the Commonwealth, like Greylock Federal in the
Berkshires, we are raising awareness and increasing connections that we hope
will create greater access for minority-owned business enterprises to secure
contracts with major employers in Massachusetts. We thank the Greater Boston
Chamber for their leadership of the Pacesetters program, and John Bissell and
Greylock Federal for their steadfast commitment to racial equity.”
The
Pacesetters program is supported by Presenting Sponsors Eastern Bank and John
Hancock.
Participating
Pacesetters
- Greater
Boston Chamber of Commerce
- Berkshire
Bank
- Blue
Cross Blue Shield of Massachusetts
- Boston
Children’s Hospital
- Boston
Red Sox
- Burns
& Levinson, LLP
- Citizens
Bank
- Comcast
- DentaQuest
- Eastern
Bank
- Emerson
College
- Encore
Boston Harbor
- Federal
Reserve Bank of Boston
- Fidelity
- Gilbane
- IPG
DXTRA brands including Weber Shandwick and Jack Morton
- John
Hancock
- Liberty
Mutual Insurance
- Mass
General Brigham
- National
Grid
- Northeastern
University
- Nutter
McClennen & Fish
- P&G
Gillette
- State
Street Corp.
- Tufts
Health Plan
- University
of Massachusetts
- Verizon
- Vertex
Pharmaceuticals
Participating
Pacesetter Signatories
- Greylock
Federal Credit Union
- MassDevelopment
- McKinsey
& Co. (Boston Office)
Participating
Business Associations
- Alliance for
Business Leadership
- Massachusetts
Biotechnology Council (MassBio)
- Massachusetts
Business Roundtable (MBR)
- Massachusetts
Competitive Partnership
- NAIOP
Massachusetts, The Commercial Real Estate Development Association
- Western Mass
Economic Development Council
Worcester Regional Chamber of Commerce