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          2022 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

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          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

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          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

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          Women’s Network

          For more than 25 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

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          MITX

          Through MITX (the Massachusetts Innovation and Technology Exchange), we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experiences, all to create a community that’s finding tomorrow’s solutions together.

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          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

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Bostonchamber
Bostonchamber
  • Events
        • Events

          • Overview
          • Events Calendar
          • Chamber Awards
        • ...
          BIMA
          BIMA Summer Sizzler

          The BIMA Summer Sizzler is the must-attend networking event for marketing and media professionals.

          08/11/2022

          5:30pm - 8:30pm

          Museum of Science

          arrow-go
          Read More
        • ...
          Events
          2022 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          arrow-go
          Read More
        • ...
          Members-only
          Maximize Your Membership September

          This is an opportunity to meet the Chamber staff as you learn how to leverage your Chamber benefits effectively to meet your goals through our offerings.

          09/29/2022

          2:00pm - 3:30pm

          Greater Boston Chamber of Commerce 

          arrow-go
          Read More
  • Learning & Development
        • Learning & Development

          • Overview
          • Call for Nominations
          • Resources
        • Boston’s Future Leaders

          Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.

          Read More
          Transformational DEI Certificate

          We are now recruiting for our 2022 fall DEI cohort! We hope you’ll join us in our mission to increase DEI fluency and change in the Boston business community – starting with you.

          Read More
          Women’s Leadership Program

          Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.

          Read More
  • Economic Inclusion
        • Economic Inclusion

          • Overview
          • Economic Inclusion Committee
          • Fierce Urgency of Now Festival
          • Pacesetters
          • Resources
        • ...
          Economic Inclusion
          Economic Inclusion

          Our Economic Inclusion Committee provides strategic support around research, policies, and programs that are focused on building equal opportunity.

          arrow-go
          Read More
        • ...
          Economic Inclusion
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          arrow-go
          Read More
        • ...
          Events
          2022 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          arrow-go
          Read More
  • Policy & Impact
        • Policy & Impact

          • Overview
          • Leadership Councils
          • Amicus Advisory Board
        • GET INVOLVED IN OUR POLICY FOCUS AREAS

          Business Climate
          Read More
          Climate & Energy
          Read More
          Health Care
          Read More
          Housing & Development
          Read More
          Talent
          Read More
          Transportation
          Read More
  • Our Networks
        • GBCC’s Networks

          • Overview
        • OUR NETWORKS

          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

          Read More
          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

          Read More
          Women’s Network

          For more than 25 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

          Read More
          MITX

          Through MITX (the Massachusetts Innovation and Technology Exchange), we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experiences, all to create a community that’s finding tomorrow’s solutions together.

          Read More
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          Read More
          Small Business

          We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.

          Read More
  • Membership
        • Membership

          • Overview
          • Membership Benefits
          • Membership Levels
          • Member Stories
          • Request a Meeting
          • Join Today
        • Our Impact
        • About Us
          Our Impact

          Explore our mission and values to better understand how we are leading the business community forward.

        • Membership Directory
        • Membership Directory
          Not sure if you’re a member?

          Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.

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Business Community Leadership in Closing the Racial Wealth Gap 

 

The Chamber is a founding funder and partner with the Federal Reserve Bank of Boston, The Boston Foundation, Eastern Bank Foundation and Barr Foundation in relaunching multi-year research to discover economic, policy, and community solutions that will successfully address the barriers that hinder the creation of generational wealth for communities of color. The launch event of the Chamber’s Racial Wealth Gap series, “Where Do We Go From Here?”, included a solutions-oriented discussion that explored how the business community can lead in urgently closing the racial wealth gap.  

 

The collective research effort will build on the survey, data, and conclusions of the 2015 Color of Wealth in Boston Report. With this 2015 report, Boston learned that Black families’ median net worth was only $8 compared to almost $250,000 for white families. The new research, conducted over three years, will expand the survey across the Commonwealth to include gateway cities.  

 

The event panelists provided further details about the research goals that will help move Greater Boston to an equitable future. Here are the key takeaways – directly from our panelists- from the first convening of the Racial Wealth Gap series:  

 

  • Karilyn Crockett, Chamber Programs and Research Consultant, MIT Professor, and Boston’s former Chief of Equity, served as moderator during the virtual event. She reminded the audience, “This is not a conversation about individual decisions and individual actions, it is one about systemic outcomes and systemic solutions.” 
  • Lee Pelton, President and CEO of the Boston Foundation, explained that there is a responsibility for leaders throughout Massachusetts “to make the invisible visible so they know where to go to and how to access capital and support, advice, and mentorship.” 
  • Today, individuals and families continue to struggle with the soaring prices of food, gas, and rent – the daily challenges continue to rise with supply chain disruptions, rising inflation, and the war in Ukraine. Ana Patricia Muñoz of FARO asks, “How can you have a business and grow it if you have to worry about the basic survival of your family?” 
  • Prabal Chakrabarti, Executive Vice President and Community Affairs Officer of the Federal Reserve Bank of Boston, noted that the research “will yield a deeper understanding of why the disparities exist and prioritize a more detailed measure of family wealth, and further highlight wealth differences between racial-ethnic groups.”
  • “Unlocking the barriers to building generational wealth is how we create a new chapter for Boston and the commonwealth, one that is rooted in achieving transformative equity within our free market economy,” said James E. Rooney, President and CEO of the Greater Boston Chamber of Commerce. “The racial wealth gap has hindered Boston reaching its greatest potential. This research as well as the critical solutions and policy recommendations will champion a future where every community can thrive.”

 

As the Chamber continues the Racial Wealth Gap series, we invite Chamber members – and the wider business community- to consider how their actions will directly influence closing the racial wealth gap. Tackling the region’s challenges with feasible solutions to economic prosperity for everyone is how Greater Boston will reach new heights and serve as a template for other states striving to close the racial wealth gap. 

 

Join the Chamber for upcoming events by visiting BostonChamber.com. 

 

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