After college, Chace began working at the
Valley Falls Company, a family-run
textile mill company in
Valley Falls, Rhode Island. He served as an assistant treasurer of the mills from 1905 to 1909. Chace worked under his father, Arnold Chace, who served as the treasurer of Valley Falls Company. (Arnold Chace had previously served as the manager of Valley Falls Company.) Chace's grandfather,
Oliver Chace, founded Valley Falls Company in 1839. In 1910, Chace led efforts to build the Fort Dummer Mills in Brattleboro, Vermont. He directed efforts to attain funding to construct the mill, and promoted its prospective impact to the area. After the mills' founding, Chace served as the manager of the Fort Dummer Mills. In 1929, the Berkshire Cotton Manufacturing Company merged with Fort Dummer Mills, Valley Falls Company, Greylock Mills, and Coventry Company. Chace served as a vice president and the treasurer of the new company known as Berkshire Fine Spinning Associates. Berkshire Associates had its offices in
Fall River, Massachusetts. ==Fuel and financial industry==