MD: WeddingWire to Expand HQ in Montgomery County, Add 200 New Jobs
23 Sep, 2016
WeddingWire Inc., the leading global online marketplace for the wedding and event industry, announced plans to expand its corporate headquarters in Montgomery County. Currently located in Chevy Chase, WeddingWire is confirmed to lease a total of 68,000 square feet of space in the county to accommodate its continued growth. As part of the expansion, the company plans to add 200 new jobs to its existing workforce of more than 350 local employees.
“On behalf of the entire WeddingWire Team, I share our excitement and commitment to WeddingWire’s continued growth in Montgomery County, Maryland,” said Timothy Chi, CEO and co-founder, WeddingWire. “WeddingWire was founded nearly 10 years ago in my living room in Chevy Chase and the State of Maryland has been a wonderful place to grow our business. With access to valuable resources and incredible talent, we look forward to our extended residency here in Montgomery County.”
Launched in 2007, WeddingWire connects engaged couples with over 400,000 creative event professionals, like wedding venues and photographers, through an extensive database of reviewed vendors. In 2012, the company landed a $25 million equity investment and has since ranked annually on Inc. magazine’s 500|5000 fastest growing companies and Deloitte’s Technology Fast 500 lists. Today, the company’s portfolio spans 15 countries covering North America, Latin America and Europe, where last year it acquired the top international wedding resource as part of its global expansion. WeddingWire’s international services host more than 10 million unique users each month.
“WeddingWire has consistently ranked among the fastest-growing technology companies in the country and we are proud to support their expansion here in Maryland,” said Governor Larry Hogan, who visited the company and met with employees in April. “Our administration is committed to making sure Maryland is truly open for business and partnering with innovative companies like WeddingWire demonstrates our state is a place where all businesses can grow and thrive.”
“WeddingWire is a home-grown Maryland company that is a leader in serving the $200 billion global wedding and events industry,” said Maryland Commerce Secretary Mike Gill. “Working with cutting-edge companies like WeddingWire to ensure their growth and success in Maryland is one of our most important priorities.”
To support the expansion, the Maryland Department of Commerce has approved a $1 million conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, Montgomery County has approved a $500,000 conditional grant through its Economic Development Fund. The company is also eligible for a number of state and local tax credits.
“WeddingWire has become very successful and Montgomery County is happy to help the company expand its footprint and employment in the County,” said County Executive Ike Leggett.
WeddingWire is currently hiring technology engineers, sales representatives, marketing specialists, and more. To learn about available opportunities and life at WeddingWire, visit WeddingWire’s website.
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit commerce.maryland.gov.
About WeddingWire, Inc.
WeddingWire, Inc. is the leading global online marketplace connecting consumers with event and creative professionals. Operating within a $200 billion industry, WeddingWire, Inc. hosts 10 million monthly unique users across its mobile and web platforms. Consumers are able to read over 3 million vendor reviews and search, compare and book from a database of over 400,000 businesses. Globally, it provides these businesses the technology they need to serve their clients through advertising, marketing and business management tools such as websites, payment processing, invoicing and contracts. Founded in 2007, the WeddingWire portfolio of sites serves couples and businesses across 15 countries in North America, Latin America, Europe and Asia, making it the worldwide leader in weddings with brands including Bodas.net, Casamentos.com.br, Matrimonio.com and more. The company employs more than 800 and maintains global headquarters in Chevy Chase, MD and international headquarters in Barcelona, Spain.