Florida Companies to Watch celebrates growing second-stage companies headquartered in Florida. Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes, making them “worth watching.” Presented by GrowFL, in association with Edward Lowe Foundation, Florida Companies to Watch is an awards program like no other. We all have a compelling story to tell. We encourage you to tell yours!
Companies from across the state and all industries may participate. Selection is based on steady growth in employee counts and revenue as well as strength in leadership, corporate culture, community support and philanthropy, innovation in management or technology, or other factors that contribute to an outstanding organization.
GrowFL Announces 2018 Florida Companies to Watch Honoree
50 FLORIDA COMPANIES YOU WILL WANT TO PAY ATTENTION TO
— Entrepreneurial styles, corporate cultures give these second-stage companies competitive advantages—
GrowFL is pleased to announce this year’s 50 Florida Companies to Watch honorees, a statewide competition that identifies companies expected to see significant growth over the next several years. These 50 companies were selected from more than 500 nominees for Florida Companies to WatchSM, a program hosted by the economic development organization GrowFL, in association with the Edward Lowe Foundation.
The winning company’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.
“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, GrowFL executive director. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.
“This is a strong group of companies that deserve this special recognition given annually to the state’s top second stage companies,” said Dr. Chris Morton, GrowFL Chairman of the GrowFL Advisory Board, CEO of NanoPhotonica and a 2015 Florida Companies to Watch honoree. Second-stage companies are defined as those with 6 to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
The 50 companies named the 2018 Florida Companies to Watch generated nearly $1 billion in revenue and added nearly 1,000 jobs between 2014 and 2017.
Together, the companies project a 50 percent increase in revenue and 40 percent increase in job growth in 2018 compared to 2017.
Companies named to the list will be officially recognized February 9, 2019 at the Straz Performing Arts Center in Tampa, FL. Tickets are on sale now for the awards ceremony.
Summary of Honoree Demographics
7 Regions, 20 Counties and 31 Cities Represented
28% Women, Veteran and/or Minority‐Owned
44% S Corporations ; 42% Limited Liability Company
Oldest Company Formed: 1925 Newest: 2016
18 Different Industries Represented
Largest industry representation – Manufacturing 32%; Information Technology 10%
Total 2017 Revenue: $339 million | Average 201 Revenue: $6.8 million
Total 2016 Employment: 1,740 | Average 2016 Employment: 35
Economic Impact Between 2014 and 2017: Revenue $958 million