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PEABODY, Mass.–(BUSINESS WIRE)–Energi, a leading developer and underwriter for energy insurance products, supported the ICycle 2014 winter fundraiser for HomeStart Inc., a nonprofit dedicated to ending the cycle of homelessness in Boston. For the second consecutive year, a team of employees, partners and spokespeople rode stationary cycles to fundraise for HomeStart, raising a total of more than $10,000.
“Our dedicated team applies the same focus to community service as it does to providing solutions to our customers, and our commitment shows in the funds that we were able to raise. ICycle is a great way to support HomeStart.”
Twenty-one Energi employees—alongside representatives from strategic partners Gravoc Associates and Aon Benfield—cycled during the 8 a.m. spinning session, and were joined by Kerry Byrne from the Boston Herald and Joe Shortsleeve from Channel 4. The Energi team raised more than $5,000, which was matched by a company commitment. Through HomeStart, Energi’s efforts will help nine families move out of homeless shelters and into permanent homes.
“Many of our employees are from the Metropolitan Boston area, and supporting Boston and its vibrant community is a top priority for Energi,” said Edward Scott, Senior Vice President of Marketing & Industry Relations, Energi and participant in ICycle. “Our dedicated team applies the same focus to community service as it does to providing solutions to our customers, and our commitment shows in the funds that we were able to raise. ICycle is a great way to support HomeStart.”
ICycle 2014 was held at International Place in Boston, with bikes provided by Fitness International. Teams from leading Boston companies gather every hour and ride in teams to raise money for HomeStart. This year, other participating teams included Fidelity, Morgan Stanley Wealth Management, UBS and Income Research & Management.
“Energi is an integral and committed part of our corporate partner team,” said Linda Wood-Boyle, President & Executive Director of HomeStart. “As we continue to build the ICycle program, it helps to have partners like Energi who are committed to the long term success of HomeStart. Last year with the help of our partners, we raised more than $100,000 for our programs, and it looks like we will surpass that total in 2014.”
For more information about ICycle and HomeStart, visit the HomeStart website.
Energi is a Peabody, Massachusetts-based industrial reinsurance company that provides specialized insurance and risk management products to targeted market segments of the North American energy industry. The core programs include fuel distribution, fuel transport and energy construction. Energi also offers products that deliver protections for alternative energy and energy efficiency projects. Founded in 2005 by insurance professionals and energy industry leaders, Energi is licensed in all 50 states. For more information, visit www.emaxxgroup.com.
Founded on the principle that every person deserves a decent place to live, HomeStart provides the crucial next step to ending the cycle of homelessness by working to assist individuals and families move from shelters to permanent housing. HomeStart advocates provide support and compassion as they help walk clients through the difficult process of moving from shelters to permanent housing. After securing housing, HomeStart continues to help each participant re-integrate into their community by providing support services such as money management programs and life skills training. HomeStart is also one of the first and one of the largest agencies in Boston that ends homelessness by preventing it in the first place. Our advocates prevented 568 low-income families and individuals on the verge of eviction from being homeless, by using innovative approaches such as – emergency mini grants, court intervention, and landlord mediation. For HomeStart to prevent an eviction it costs on average $603. It costs taxpayers approximately $30,000 a year to shelter that same family.