Founded in 2006, the Initiative For A New Economy (INE) is a non-profit organization
dedicated to creating profitable business relationships between Massachusetts based Minority Business
Enterprises (MBEs) and large Institutional Purchasers. INE is the first of its kind and highly successful
advocate for a new model of supplier development - one company at a time. INE selects MBEs that are capable
of consistently delivering competitively priced, quality products and services. Acting as a Trusted Advisor,
INE counsels the MBE and the Institutional Purchaser and facilitates the establishment of mutually beneficial
long term relationships. These relationships encompass both economic transactions and active mentoring of the
Minority Business Enterprise to help develop additional expertise and scale to support the MBEs continued
growth. The results? The creation of hundreds of new jobs and millions in additional revenue for the MBEs
working with INE. Satisfied Institutional Purchasers have gained numerous new minority Suppliers and increased
the number and size of contracts, thereby, significantly improving supplier diversity.
Ultimately, this will change the face of our economic landscape to one that is more inclusive, with Minority Business Enterprises becoming fully integrated into the mainstream economy. The participating Institutional Purchasers embrace the importance of an inclusive economy and will build MBE supplier development into their ongoing business strategies. As a result, Massachusetts will see increased employment and be a leading model for the creation of competitive Minority Business Enterprises of scale with local, regional, and national capabilities.
If we act with urgency and determination, we can help countless minority-owned firms grow and prosper in the years to come. In the process, we will strengthen the fabric of our communities, send a message of economic inclusion, and invigorate the overall economy of our state.
Learn more about our history.
Download a PDF version of INE's concept paper
MBE Study Results
Download the results of the Minority-owned Business Development Study
"INE has been a remarkable resource for Westnet. With INE's assistance, Westnet has become a key supplier of medical and surgical supplies and life science products for Partners Healthcare. INE is always available to us, playing a pivotal role in advising Westnet on issues ranging from customer acquisition to technology to business strategy. It's a feeling of great comfort, knowing that INE is on my team as the company continues to expand."