GrowFL, the Economic Gardening Institute, is pleased to announce the
winners of the annual Florida Companies to WatchSM
awards program. Fifty leading second-stage companies have been selected
from more than 500 nominations statewide. The 2014 class joins an
esteemed group of 150 previous Florida Companies to Watch winners
honored over the past three years.
Florida Companies to WatchPresented by GrowFL, in
association with the Edward Lowe FoundationThursday,
October 23, 20146:00 pm - Dinner and AwardsHard
Rock Live, CityWalkOrlando, Florida
Florida Companies to Watch is an awards program that celebrates
privately held second-stage companies headquartered in the state. To be
eligible, applicants must employ between 6 and 99 full-time equivalent
employees and have between $750,000 and $50 million in annual revenue or
working capital in place. Awardees are selected for demonstrating the
intent and capacity to grow based on employee or sales growth,
exceptional entrepreneurial leadership, sustainable competitive
advantage, outstanding corporate culture, inspired community giving and
other notable strengths.
"Florida Companies to Watch is honored to recognize another
outstanding group of stage-two companies," said Dr. Tom O'Neal,
executive director of the Florida Economic Gardening Institute and
associate vice president for the University of Central Florida's Office
of Research and Commercialization. "This is our fourth year of
celebrating second-stage business leaders throughout the state of
Florida. Being selected for the Florida Companies to Watch awards
program provides growing businesses the credibility and recognition that
distinguish them among their competitors. In Florida, these businesses
account for five percent of the companies and nearly 30 percent of the
jobs. They make a difference and we're happy to offer them the
recognition they deserve."
Florida Companies to Watch is unique because of its focus on
second-stage companies and the wide-ranging industries they represent.
The impact of these companies on Florida's economy is immense, and this
year's honorees are examples of such companies in the state. Overall,
the 2014 winners had $370 million in total annual revenue in 2013, which
was a 36 percent increase in total annual revenue compared to 2012. They
employed 1,757 full-time equivalent employees, with 462 net new jobs
projected for 2014. *Data compiled in August 2014.
"If you were to draw a picture of an organization that gets it, it would
look like GrowFL," says Penny Lewandowski, Vice President of
Entrepreneurship and Strategic Direction at the Edward Lowe Foundation.
"They understand how vital second-stage companies are to Florida's
economy and are committed to delivering tailor made services that help
them succeed. Companies to Watch is a time to celebrate these
amazing companies that make a difference in their communities, customers
and employees every single day and to applaud the many efforts of GrowFL
and their partners. We could not be more proud."
Winners from across the state of Florida are listed below.
"This event promotes the entrepreneurial spirit in Florida and
highlights the incredible economic impact these companies have made,"
says Mark Williams, Chairman of the GrowFL Advisory Board and Vice
President, Wells Fargo. "We are honored to bestow these second stage
companies across Florida this award on October 23rd. We thank all of the
organizations that are committed to creating the entrepreneurial
environment for these companies to continue to grow."
The companies selected for the Florida Companies to Watch award
will be celebrated at a special awards dinner on Thursday, October 23 at
Hard Rock Live, CityWalk in Orlando, Florida. For more details on Florida
Companies to Watch, visit flctw.growfl.com
or email firstname.lastname@example.org.
2014 Sponsors include Wells Fargo, TWSquared, University of Central
Florida, Florida High Tech Corridor, atLarge, Inc., Carlton Fields
Jorden Burt, Filmscape, OUC, AMTIS Inc., Edwards Financial Services,
Enterprise Florida, Fifth Third Bank, Florida Power & Light, Insperity,
LSQ Funding, Sorensen Moving & Storage, SunTrust, and USF CONNECT.
Sponsorships for the 2014 event are still available.
GrowFL was created in 2009 by the Florida legislature as an economic
development program focused on assisting second-stage growth companies
prosper in the state of Florida. By providing strategies,
resources and support to second-stage companies for next level growth
through Strategic Research and peer-to-peer CEO mentoring, GrowFL helps
companies overcome obstacles to growth and leads them towards
prosperity. Based on the philosophy of Economic Gardening® - to grow
existing businesses in a community, region or state - GrowFL, the
Florida Economic Gardening Institute, is a critical component to the
state's economic development strategy and Florida's entrepreneurial
ecosystem. GrowFL is a statewide economic development
organization certified by the National Center for Economic Gardening
through the Edward Lowe Foundation.
2014 Florida Companies to Watch
11th Hour Business Centers, LLC
Across Borders Management Consulting Group, LLC
Alakai Defense Systems, Inc.
AML Superconductivity and Magnetics
Anuva Manufacturing Services, Inc.
Argosy Group International, LLC
Aviation Partners Group, Inc.
AZZLY - INTUITIVEMR, INC.
Beneficial Blends, LLC
BioZone Scientific International, Inc.
Blinc International, Inc.
Clean the World Global
CPR Tools, Inc.
Crunchy Logistics, LLC
CSI Specialty Group
Destination MCO, Inc.
Diamondback Towers, LLC
Digitec Interactive, LLC
Distinctive Kitchen and Baths
Employment Technologies Corporation
Enterprise Risk Management
GO Auto Recycling
Informed Medical Decisions, Inc.
Innovated Industrial Services
Lenco Marine, Inc.
Level 3 Inspection, LLC
Moten Tate, Inc.
PAC Seating Systems
PPi Technologies Group
Pyure Brands, LLC
SeaDek Marine Products
Shadow Health, Inc.
Synergy Settlement Services
The Smart Companies
Vestagen Technical Textiles, Inc.
Economic Impact of 50 Second-Stage Companies
From 2010 through 2013, these companies generated nearly $1 billion in
revenue and added 959 employees, reflecting a 149 percent increase in
revenue and 120 percent increase in jobs for the four-year period. That
translates into a 31 percent annual revenue growth and 26 percent annual
growth in employees.
These companies project continued growth in 2014, with a 36 percent
revenue increase and 26 percent growth in employees compared to 2013. If
their projections hold, these companies will have generated $1.5 billion
in revenue and added 1,421 employees over the last five years - a 243
percent increase in revenue and 178 percent increase in jobs since 2009.
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