BOSTON, Oct. 31, 2017 (GLOBE NEWSWIRE) -- WegoWise, the world’s largest building analytics and energy and water benchmarking company, today announced that it was awarded $58,303 in Workforce Training Fund Grants from the Commonwealth of Massachusetts, Executive Office of Labor and Workforce Development. WegoWise will match the funding, which will provide customized training to 32 WegoWise team members and create 10 additional jobs by 2019.
“One of our core objectives is to foster the growth of our team members,” said Laila Partridge, WegoWise president and CEO. “From day one, WegoWise has taken innovative approaches to leadership development. The Workforce Training Fund Grants will enable us to continue on that path by creating customized, cross-functional leadership training and education opportunities, tailored to the interests and career objectives of each employee.”
WegoWise is a Boston-based data analytics company focused on improving the operational and sustainability performance of multifamily and commercial real estate. The company’s software-as-a-service (SaaS) platform is used to benchmark utility and water usage in more than 58,000 buildings, comprising 2.4 million square feet of multifamily housing in the United States. Since it’s inception, the company has grown from 2 to 50 employees, and the company’s database is the largest collection of multifamily utility data in the world.
Earlier this month, the Baker-Polito Administration awarded a total of $11.9 million in grants provided by The Workforce Training Fund Program provided to 121 Massachusetts companies, including WegoWise, spurring workforce training of nearly 7,000 workers and creating over 1,000 projected new jobs in the Commonwealth. The grant program is administered by Commonwealth Corporation. Grants were awarded to projects focused on upgrading workers’ skills, increasing productivity, and enhancing the competitiveness of Massachusetts businesses.
“As a mission-driven company, WegoWise is committed to adding value to our customers, to our employees, and to the communities that we serve,” said Partridge. “We are grateful to the Commonwealth for this unique opportunity, which will help us further our mission, and continue to support environmental, social and economic sustainability.”
WegoWise helps the multifamily real estate industry improve the operating performance and value of its properties. Its SaaS platform provides insight into a building’s energy and water efficiency, enabling real estate professionals to achieve immediate and sustained savings, while making smarter capital investment and financing decisions. WegoWise, with the largest database of utility usage data in the world, delivers a comprehensive building analytics and benchmarking solution that tracks over 1.4 million units across 58,000 buildings, based on data from nearly 700 utilities. For additional information, visit www.wegowise.com.