EY announced today that Jessica Bailey, CEO and co-founder of Greenworks Lending, the country’s largest provider of C-PACE financing, was chosen as one of the 13 women founders selected for the EY Entrepreneurial Winning Women™ North America Class of 2019. The program, in its 12th year, identifies ambitious women entrepreneurs who are leading thriving organizations and provides the access, advisors and resources needed to scale their companies to their full potential and ultimately become leading market innovators. Program engagement offers participants executive education and introductions to the vast EY global entrepreneurial ecosystem as well as the Entrepreneurial Winning Women community worldwide.
“It’s an honor to join such an esteemed group of women and to be recognized by EY for taking Greenworks Lending from a small start-up in a handful of states to a growing scale-up with a strong national presence. I’m grateful for the recognition from and support of EY as our company continues to bring smart financing solutions to building owners throughout the United States.”
This year’s class of women-led high-growth companies across the US and Canada span a variety of industries, with a particularly strong showing in the technology sector, including three innovating in FinTech. More than one-third of the companies are tech-focused, with offerings ranging from innovative and money-saving payment solutions for SMEs to patented textile technology designed to cool the wearer in minutes. Additional sectors include diverse and inclusive beauty products, clean energy financing, nutrition-driven food production and innovative health and wellness products. The judging panel for the Class of 2019 consisted of Beth Ferreira, General Partner of FirstMark Capital; David Liu, Co-founder of XO Group, Inc. (formerly The Knot, Inc.); Nicole Smith, Founder and CEO of Flytographer; and Naomi Whittel, Founder & CEO of Naomi Whittel Brands.
“Acceptance into the Entrepreneurial Winning Women program is a testament to these founders’ drive, grit and vision,” said Lisa Schiffman, EY Entrepreneurial Winning Women Global Program Lead and a Director with Ernst & Young LLP. “EY is delighted to once again have the opportunity to offer critical resources, guidance and community so these women founders can more readily scale their businesses beyond what they may have initially thought possible.”
The North America program targets women business owners who are founding CEOs of any US or Canadian privately held company less than 10 years old. Company revenues typically range from at least $2m to as much as $30m annually.
This year’s class convened for the first time at a two-day orientation in New York City this September. The entrepreneurs took part in educational sessions including pitch coaching, TRACOM Social Styles® and building a public profile. On an ongoing basis, Entrepreneurial Winning Women take part in additional workshops, conferences and training sessions; become part of the EY global community of more than 500 Entrepreneurial Winning Women on every continent; and forge connections to a vast community of EY Entrepreneur of The Year™ alumni throughout the world.
“As advisors to the ambitious, we feel privileged to be a part of these founders’ business journeys,” said Lee Henderson, EY Americas Growth Markets Leader. “The program underscores EY’s continued commitment to foster the success of women entrepreneurs and reinforce their positive impact on the global economy.”
The Class of 2019 will be officially recognized during the Strategic Growth Forum® US November 13-17, 2019, in Palm Springs, California. Founded and produced by EY, the Forum is the country’s most prestigious gathering of high-growth, market-leading companies, bringing together more than 2,000 of the nation’s top executives, entrepreneurs, advisors, investors and other business leaders.
As Co-Founder and CEO of Greenworks Lending, Jessica has been recognized for her efforts in helping to rapidly scale clean energy in commercial buildings around the country, resulting in benefits for local businesses, the economy, and the environment.
About Greenworks Lending
Greenworks Lending is the largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing in the country. Led by several of the industry’s founding policy developers and standard-setters, Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through C-PACE. Greenworks has provided financing to hundreds of commercial properties in more than a dozen states. Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners.
How C-PACE Works
Commercial Property Assessed Clean Energy (C-PACE) makes it possible for commercial property owners to obtain low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects. The program starts with a state-level government policy that classifies clean energy upgrades as a public benefit – like a new sewer, water line or road. These upgrades can be financed with no money down and then repaid as a benefit assessment on the property tax bill over a term that matches the useful life of improvements and/or new construction infrastructure (typically ~20-30 years). The assessment transfers on the sale of the property and can be passed through to tenants where appropriate.
While facilitating sustainability efforts, the program reduces property owners’ annual costs and provides dramatically better-than-market financing for green new construction.
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About EY Growth Markets
EY Growth Markets professionals connected across the globe are trusted business advisors to CEOs, owners and entrepreneurs leading private and family enterprises, including those managing increasing flows of private capital worldwide. We have a long legacy advising these ambitious leaders in realizing their ambitions, faster. With private entities making up more than 90% of EY clients, our professionals appreciate the owner mindset and possess the know-how needed to think differently about delivering business results, practically and sustainably. ey.com/private