{"id":27366,"date":"2015-11-03T18:26:12","date_gmt":"2015-11-03T23:26:12","guid":{"rendered":"http:\/\/www.gayfriendschat.com\/socialblog\/massachusetts-leads-the-nation-in-lgbt-economic-opportunity\/"},"modified":"2015-11-03T18:26:12","modified_gmt":"2015-11-03T23:26:12","slug":"massachusetts-leads-the-nation-in-lgbt-economic-opportunity","status":"publish","type":"post","link":"https:\/\/www.gayfriendschat.com\/socialblog\/massachusetts-leads-the-nation-in-lgbt-economic-opportunity\/","title":{"rendered":"Massachusetts Leads the Nation in LGBT Economic Opportunity"},"content":{"rendered":"

Massachusetts Leads the Nation in LGBT Economic Opportunity<\/b><\/p>\n

The first state to legalize same-sex<\/a> marriage a decade ago is making LGBT history again. The governor of the commonwealth of Massachusetts today said “I do” to LGBT equality in economic opportunity, reports The Republican,<\/a><\/em> a newspaper in Springfield, Mass. <\/p>\n

Gov. Charlie Baker issued an executive order Tuesday making Massachusetts the first state to include LGBT-owned businesses in a program that requires contractors bidding on a state project costing more than $150,000 to commit to spending a percentage of the money on diverse subcontractors and suppliers.<\/p>\n

“The goal is to provide a much higher quality product by opening up opportunities for others to play who know they can do the work but have been basically shut out because of a series of very complex and in most cases unnecessary barriers to participation,” Baker said.<\/p>\n

Speaking to a group of reporters, Baker later said the changes are about “leveling the playing field,” not about giving a leg up to preferred businesses. “The people who have a leg up are people who have resources and infrastructure to meander their way through a very complex and at times somewhat nonsensical procurement process here in Massachusetts.”<\/p>\n

The National Gay and Lesbian Chamber of Commerce will certify businesses as LGBT-owned for the state. Jonathan Lovitz, the NGLCC’s vice president of external affairs, told Fortune<\/em><\/a> magazine that for a company to be considered, 51 percent or more of the firm must be owned by lesbian<\/a>, gay<\/a>, bisexual<\/a>, or transgender individuals.<\/p>\n

Although Baker’s order recognizing LGBT-owned businesses is the only statewide initiative of its kind, ​Fortune <\/em>reported the NGLCC boasts of several success stories with state agencies and municipalities, including the California Public Utilities Commission as well as Essex County, N.J., and Cleveland. <\/p>\n

According to a 2006 report from the Hackett Group<\/a>, companies that focus heavily on supplier diversity generate a 133 percent greater return on procurement investments than a typical business. About one-third of Fortune 500 companies also recognize LGBT-owned enterprises in their contracting processes, according to the NGLCC.<\/p>\n

Massachusetts introduced the supplier diversity initiative in 2010 to provide minority- and women<\/a>-owned businesses with equal access to state contracts.<\/p>\n

Businesses owned by service-disabled veterans were added in 2013, and Baker’s executive order expands that to all veterans as well as people with disabilities and companies owned by lesbian<\/a>, gay<\/a>, bisexual<\/a>, and transgender people. <\/p>\n

Dawn Ennis<\/p>\n

www.advocate.com\/business\/2015\/11\/03\/massachusetts-leads-nation-lgbt-economic-opportunity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Massachusetts Leads the Nation in LGBT Economic Opportunity The first state to legalize same-sex<\/a> marriage a decade ago is making LGBT history again. The governor of the commonwealth of Massachusetts today said “I do” to LGBT equality in economic opportunity, reports The Republican, a newspaper in Springfield, Mass.  Gov. Charlie Baker issued an executive order … Continue reading Massachusetts Leads the Nation in LGBT Economic Opportunity<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-27366","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nMassachusetts Leads the Nation in LGBT Economic Opportunity - GAYFRIENDSCHAT.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gayfriendschat.com\/socialblog\/massachusetts-leads-the-nation-in-lgbt-economic-opportunity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massachusetts Leads the Nation in LGBT Economic Opportunity - GAYFRIENDSCHAT.com\" \/>\n<meta property=\"og:description\" content=\"Massachusetts Leads the Nation in LGBT Economic Opportunity The first state to legalize same-sex marriage a decade ago is making LGBT history again. 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