WinnCompanies and NEI Honored

| December 5, 2018

(l-r) MassHousing Chair Michael Dirrane, Carol Fuller, Andre Barbour, and Kassandra Martin, all of NEI General Contracting, and MassHousing Executive Director Chrystal Kornegay

Boston – MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018 that created economic opportunities for hundreds of working families across Massachusetts.

WinnCompanies, based in Boston, received the Property Management Award of Excellence for the highest contract award achievement with both minority and women-owned businesses. WinnCompanies’ overall expenditure was approximately $38.1 million at 43 MassHousing-financed housing communities in FY18. From the total, $7.7 million went to minority-owned businesses and $6.1 million went to women-owned businesses.

 

 

(l-r) MassHousing Chair Michael Dirrane; Arthur Winn, founding principal, WinnCompanies; and MassHousing Exec. Director Chrystal Kornegay

NEI General Contracting, based in Randolph, received the General Contractor Award of Excellence for exceeding their goals in contracting with both minority and women-owned businesses on a single project. NEI had a $20.2 million contract for the extensive renovation of the 173-unit Maple Commons housing community in Springfield, of which $6 million, or 30%, went to minority-owned subcontractors and $3.5 million, or 17%, went to women-owned subcontractors. NEI had goals of 15% for MBEs and 10% for WBEs for Maple Commons.

Overall in FY18, NEI had $62.9 million in total contracting for five MassHousing-financed construction projects, of which $19.9 million went to MBEs and $11.4 million went to WBEs.

“…. WinnCompanies and NEI General Contracting have long embraced the many benefits of contracting with minority and women-owned business enterprises and should be commended for their exceptional efforts this past fiscal year.”

“This is the 17th time that our company has earned the highest achievement ranking in Massachusetts. We appreciate this award as a sincere reflection of our culture and values,” said Arthur Winn, Founder and Principal of WinnCompanies. “MassHousing deserves tremendous credit for its national leadership in support of minority and women-owned businesses in the multifamily industry. They set the standard.”

“We believe the most successful projects are those that engage and reflect the communities they are built in. The tireless efforts of our Diversity and Compliance Department have allowed us to enhance project diversity and to participate more fully in the community and economic development interests of our clients,” said NEI General Contracting Managing Principal Josef Rettman.The MassHousing Minority and Women-Owned Business Enterprises Vendor Program helps Minority and Women-Owned Businesses benefit from the economic opportunities created by MassHousing-financed rental housing. In FY2018, which ended June 30, the 409 rental housing developments financed by MassHousing generated approximately $221 million in contracts for goods, services and supplies. Of this amount, $38 million (17 percent) went to minority-owned businesses and $26 million (12 percent) went to women-owned businesses.

 

 

 

 

 

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Category: All, Awards