Introducing the Business Equity Initiative (BEI):
BEI is currently seeking Black and Latino business owners who are positioned for and desire extraordinary growth. In Massachusetts, where wealth and income inequality are increasing, the BEI was developed to help accelerate the growth of local enterprises of color and to directly impact the increase of job opportunities and wealth creation in our neighborhoods. We are focused on Black and Latino businesses because that is where the wealth disparity is greatest, and BEI is set to make the biggest impact possible.
BEI takes a holistic and customized approach in partnering with each enterprise.
See how BEI addresses wealth disparities in our communities:
Working alongside you to build capacity:
We have recruited strategic advisors, with direct experience in growing small businesses, to become your trusted partners. They will work alongside you and your team, to create a customized, practical plan for sustainable growth.
Direct Services Support:
We understand that your company may have specific and costly operational needs that need extra attention and we are offering direct financial support to subsidize the cost of quality professional services.
By participating in the BEI, you will have preferred access to the Business Equity Fund.
Working beside you to expand your Market Access:
The Business Equity Initiative is working with the Greater Boston Chamber of Commerce to form a partnership of Pacesetter companies that are committed to increasing their supplier diversity, in numbers of vendors and dollars. This program is intended to provide access to middle market and Fortune 1000 companies, as well as anchor institutions in our local markets. By participating in the program, Pacesetters are committing to increasing their supplier diversity spend in number of contracts and dollars. Participants in the BEI will have priority in accessing market opportunities driven through the Pacesetters.
- Winter Mixer, February 2019
- Next Application Deadline, April 12, 2019
- Cohort 4 Welcome Reception, June 2019