Our commitment to address the systemic racial wealth disparities that have hindered communities of color for far too long will reach broader and deeper through:
Our supplier diversity program aligns with our core values and is focused on working with suppliers to ensure their continued investment in diversity, equality, and inclusion within their businesses. Our strategy is also focused on increasing relationships with diverse-owned businesses while investing in programs that help diverse-owned businesses to grow and scale.
Our $50 million MassMutual Catalyst Fund, a hybrid investment, is committing $25 million to capital investments in Black-owned businesses in Massachusetts.
Our separate investments with three to four African American, Latinx, and Indigenous managers of private equity funds will focus on revenue-generating enterprises that support minority communities through investment.
Building sustainable, lasting change
MassMutual is supporting the Urban League of Springfield’s work to establish equality in education and promote economic advancement for the African American and Black community throughout Greater Springfield.