Wayfair Inc., a Massachusetts-born technology company that has redefined how people shop for their homes, is the recipient of the 2019 Vision Award from Associated Industries of Massachusetts (AIM). Wayfair has more than 5,500 full-time employees in the commonwealth and continues to grow its presence in Boston and beyond.
Founded in 2002 when engineers Niraj Shah and Steve Conine started selling stereo racks over the Internet, Wayfair has grown into one of the world’s largest online destinations for the home. The company currently offers 14 million products from 11,000 suppliers and last year generated $6.8 billion in net revenue.
The AIM Vision Award recognizes companies, organizations and individuals who have made unique contributions to the cause of economic opportunity in Massachusetts. The award reflects AIM’s mission to stand for jobs, economic prosperity, innovation and a government that acknowledges that the private sector has the unique responsibility to create the common wealth for the people of Massachusetts.
The largest employer association in Massachusetts will present the award at its Annual Meeting on May 17 in Boston. Attorney General Maura Healey will deliver the keynote address.
“The 3,500 member employers of AIM are delighted to honor a company that was launched in Massachusetts and continues to create economic opportunity from one end of the commonwealth to the other,” said AIM President and Chief Executive Officer Richard C. Lord, who noted that the Pittsfield Wayfair facility is expected to employ 300 people.
“Wayfair is the prototype of the economic growth we love to see – a company with deep local roots that uses technology and great management to dominate a global market.”
In addition to growing its corporate headquarters in Massachusetts, Wayfair has also recently announced it will open its first-ever full-service physical retail store in the Natick Mall later this year.
“We are proud to have built our business in the Commonwealth of Massachusetts and delighted to accept the 2019 Vision Award from Associated Industries of Massachusetts,” said Shah, who is a native of Pittsfield.
The company has also become a major player in the community, structuring its social responsibility efforts around creating safe and comfortable living spaces for people in need. It maintains charitable partnerships with Habitat for Humanity, Homes For Our Troops, and other organizations.
Wayfair will join a distinguished list of AIM Vision honorees, including Fidelity Investments Chief Executive Abigail Johnson, Woods Hole Oceanographic Institution, General Electric, Bright Horizons Family Solutions, MassMutual, philanthropists Bill and Joyce Cummings, Boston University brain researcher Dr. Ann McKee and Nuance Communications.
AIM is the statewide business association in Massachusetts, representing the interests of employers form all sectors of the economy on public-policy issues.