WeddingWire Inc., a global online marketplace for the wedding and event industry, will expand its corporate headquarters in Montgomery County, MD. Currently located in Chevy Chase, WeddingWire will 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.”
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 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.”
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