With the city of Houston Texas and surrounding communities still recovering the devastation left behind by Hurricane Harvey, one business, in particular, has been on the ground providing aid and comfort. Stream Energy is a Texas Based energy company providing thousands of people across the state with fixed rate energy plans. Through their philanthropic branch of Stream Energy, “Stream Cares” has been able to provide basic necessities to people in need.
Stream Energy associates and staff seem to have such an incredible passion for helping the community. This stems from the unique business model Stream Energy established. Essentially when associates are hired to work for Stream they are often tasked in creating a network of people who may be future potential customers. This constant interaction with customers creates a bond between the associates and the people within their community. “Stream Cares” allows those passions to come to fruition with the backing of the company.
One of the Stream Energy employee passion projects involves a partnership with Supply hope.co which in conjunction with Stream help battle the epidemic of child homelessness in the Dallas Area. The group also fundraise to provide over 1,000 tickets and meals to a local waterpark where the children can have an experience that they more likely than not would never have been able to enjoy.
The move to create a foundation is seen as a strategic move by the company to not only earn the respect and loyalty of their customers but to further build their brand name. The foundation’s results also form a sort of buffer zone when negative situations arise within a company such as an internal scale or a bad quarter for investors. Nevertheless, Stream Energy has created a new way for companies to conduct their philanthropic ventures in a manner in which both the company and community come out as winners.