There are many factors that have contributed to the success of WinnCompanies. While I can’t take credit for this particular idiom, I often like to say that we’ve “done well by doing good.” Throughout our 47-year history, WinnCompanies, its affiliates and its team members have been mindful that the way we conduct ourselves and our company will affect others.
Making positive contributions to the communities in which we live, work and thrive is an important mission of our company. One of the ways that we do this is by supporting diverse suppliers, including minority-owned and woman-owned business enterprises (M/WBEs). Unfortunately, MWBEs are often faced with barriers to starting up and operating sustainably, such as access to capital and networking opportunities, so it is critically important to encourage their growth.
Engaging with diverse suppliers and contracting with third-party MWBE vendors allows WinnCompanies and other businesses like us to help promote job creation at the local level and encourage the overall success of communities.
I’m incredibly proud to share that WinnCompanies was recently recognized by MassHousing, the independent agency tasked with financing affordable housing in the Commonwealth of Massachusetts, as the organization’s leading partner for MWBE contracts during the fiscal year that ended June 39, 2018.
Since 2001, WinnCompanies has spent nearly $396 million for goods, supplies and services at communities financed by MassHousing. More than 13 percent of that total, about $52.8 million, went to MBEs; 6 percent, or about $23.8 million went to WBEs; and, 10 percent, or about $41.2 million, went to enterprises that were both minority and women-owned.
This is the 17th year that our company has earned the highest achievement ranking in Massachusetts. We appreciate this award as a sincere reflection of our culture and values. MassHousing deserves tremendous credit for its national leadership in support of minority and women-owned businesses in the multifamily industry. They set the standard.