New Diverse Business Program From MassMutual to Impact 175 Businesses Over Next Five Years OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer

New Diverse Business Program From MassMutual to Impact 175 Businesses Over Next Five Years

SPRINGFIELD, Mass.–(BUSINESS WIRE)–#massmutual–On the heels of announcing a $150 million commitment to utilizing underrepresented diverse businesses in its procurement process, Massachusetts Mutual Life Insurance Company (MassMutual) today announced a new diverse business program in partnership with Dartmouth College and Stanford University aimed to help diverse businesses thrive and grow. The program will impact 175 businesses over the next five years through comprehensive education, business planning and mentorship.

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“This new diverse business program is one more example of MassMutual’s commitment to making an impact and contributing towards systemic change,” said Regina Heyward, head of supplier diversity with MassMutual. “Bringing together national leaders in diversity, academia and financial services, we are striving to deliver a holistic approach to help today’s most pressing issues facing underrepresented diverse businesses.”

The diverse business program’s framework is comprised of financial, collaboration and educational elements which will rely upon and strengthen relationships with key diverse constituencies. Program participants will receive financial and executive level education to enhance their business acumen. The program will be delivered through the Dartmouth College Tuck School of Business Diversity Business Programs and the Stanford Latino Entrepreneurship Initiative, a research and education collaboration between Stanford University Graduate School of Business and the Latino Business Action Network.

“For four decades, the Tuck Diversity Business Programs have delivered high-impact business education for entrepreneurs through executive education programs online and on the Dartmouth campus in Hanover, NH, and through outreach programs in all 50 states,” said Emmanuel Ajavon, associate director of business leadership programs at Tuck. “We are proud to collaborate with MassMutual to continue in this rich tradition as we work with a new generation of diverse entrepreneurs.”

“The diverse business program is a tangible extension of MassMutual’s ‘Live Mutual’ philosophy, allowing us to bring our purpose to life in specific, measurable ways,” added Heyward. “It enables us to directly invest in change and help people secure their future and protect the ones they love.”

About MassMutual

MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.

Contacts

Paula Tremblay

ptremblay@massmutual.com

Disability-Owned Businesses to Compete as Finalists in Disability-IN’s Virtual Pitch Perfect Challenge, Expanding Work Opportunities for Disabled Entrepreneurs

Disability-Owned Businesses to Compete as Finalists in Disability:IN’s Virtual Pitch Perfect Challenge, Expanding Work Opportunities for Disabled Entrepreneurs

Winners receive up to $10K, in-kind prizes and access to corporate supplier opportunities as part of Disability:IN’s global Supplier Diversity program

ALEXANDRIA, Va.–(BUSINESS WIRE)–#areyouin–Disability:IN, the global organization driving disability inclusion and equality in business, has chosen three Disability-Owned Business Enterprises (DOBE®s) to compete as finalists on October 21 in the 10th Pitch Perfect Challenge as part of Disability:IN’s Supplier Diversity program that certifies disabled-owned businesses.

The finalists are:

  • Black Box Safety, a safety products and training company
  • Dusty Studio, a boutique animation design and production house
  • 2axend, a strategic consulting and training firm, and ‘people’s choice’ as determined by social media voting

On October 21 at 1:00 pm EDT, the owners of the companies—chosen from 28 total applicants—will give their final virtual pitches “Shark Tank” style to a panel of corporate experts. Winners will be announced at the end of the challenge, with $10,000 in cash for the first-place winner, $7,500 in cash for the second-place winner, and $500 for the third-place winner.

Additionally, all three winners will receive a scholarship to attend a one-week Executive Education program at Dartmouth College’s Tuck Business School that focuses on building or growing diverse businesses, sponsored by Bristol Myers Squibb. Winners also will have the opportunity to meet with executives at several companies that are looking to provide contracting and subcontracting opportunities to disability-owned businesses.

The Pitch Perfect Challenge is part of a Disability:IN program that certifies Disability-Owned Business Enterprises (DOBE®s), Veteran Disability-Owned Business Enterprises (V-DOBE™s) and Service-Disabled Veteran Disability-Owned Business Enterprises (SDV-DOBE™s). program. Disability:IN is the leading third-party certifier of DOBEs. To qualify, an enterprise must be a for-profit business that is at least 51% owned, managed and controlled by a person with a disability. The DOBE program grew 40% to 250 businesses in 2020.

“Disability inclusion is not just about hiring. Supplier diversity has become a more critical part of ESG and companies’ sustainability efforts. Our data shows disability-owned businesses are 6 to 7 times as likely to employ other people with disabilities. During Disability Employment Awareness Month, we want to elevate these businesses alongside the hundreds of companies we partner with that engage in supplier diversity programs and build economic opportunities for people with disabilities,” said Jill Houghton, President and CEO, Disability:IN.

Approximately 700,000 workers with disabilities are self-employed, according to the latest U.S. Census. People with disabilities, by definition, often need to find new and less traditional paths to success to meet their physical needs. Under the DOBE program, disabled entrepreneurs develop their skills and get direct access to companies that contract with minority business owners.

“We’re excited to prepare these incredible entrepreneurs to pitch and communicate their value to companies that are actively looking for unique products and services. By expanding their supplier diversity portfolio commitments, these companies will open doors for disabled entrepreneurs and provide resources and tools to succeed faster,” said Jennifer McNeil, executive director of indirect strategic sourcing at Cox Communications, one of three Pitch Perfect Challenge judges along with supplier diversity executives from MGM Resorts and Royal Bank of Canada/City National.

Disability:IN will announce the Pitch Perfect Challenge winners on their website and on Twitter at @DisabilityIN on October 21. Click here to learn more about supplier diversity and the Pitch Perfect Challenge. To watch the pitches live via Zoom, register here.

About the Disability-Owned Business Enterprise (DOBE) program

The DOBE program is a Nationally Recognized Certification including The Billion Dollar Roundtable, the corporate advocacy organization that recognizes and celebrates corporations that achieved spending of at least $1 billion with minority and women-owned suppliers. The Disability:IN Supplier Diversity program drives thought leadership for the supplier diversity profession, while advancing best practices that create supply-chain opportunities for certified disability-owned and service-disabled owned business enterprises. Learn more about how businesses get certified here.

About Disability:IN®

Disability:IN is a global organization driving disability inclusion and equality in business. More than 280 corporations trust Disability:IN to activate and achieve disability inclusion across their enterprise and in the broader corporate mainstream. Through the world’s most comprehensive disability inclusion benchmarking; best-in-class conferences and programs; and expert counsel and engagement, Disability:IN works with leading businesses to create long-term business and societal impact. Join us at disabilityin.org/AreYouIN #AreYouIN

Contacts

Media:
Suzanne Robitaille

Archie Group for Disability:IN

suzanne@archiegroup.com
1.203.832.4107