As CEO of ICIC, Steve leads a dynamic and growing team of professionals dedicated to achieving economic prosperity in America’s inner cities. Steve is focused on setting ICIC’s strategic direction, leading the organization through a period of rapid growth and extending ICIC’s national visibility and brand. He directs ICIC’s efforts to secure new partners and drive private sector engagement and investment.
Prior to joining ICIC, Steve was elected Treasurer of Massachusetts in 2010 and served in that position from 2011 until 2015. One of his principal achievements in that office was the creation of the Small Business Banking Partnership, a pioneering initiative that was responsible for moving almost $400 million of state deposits into community banks that used these funds to make more than 10,000 loans with a value of over $1.6 billion, with a principal focus on businesses owned by women, minorities, immigrants and veterans.
Prior to taking office, Steve served for 35 years as President of Grossman Marketing Group, a fourth-generation marketing communications firm started by his grandfather. Steve has been an active leader in many civic, philanthropic and political organizations. These positions include former board chair of Brandeis University, former national chairman of the Democratic National Committee, former president of the American Israel Public Affairs Committee (AIPAC), founding board member of MassInc and life trustee of the Museum of Fine Arts.
Steve graduated from Princeton University and Harvard Business School where he was a Baker Scholar. He is married to Dr. Barbara Wallace Grossman, a theater historian and director, who is a professor in the Department of Drama & Dance at Tufts University and serves as vice-chair of the Massachusetts Cultural Council. Steve and Barbara have three sons, David, Ben and Josh, and six grandchildren.
ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.
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