Second-Stage Businesses Benefit from GrowFL Partners
GrowFL is pleased to announce their Corporate Partners who have committed to advancing the growth of second-stage companies through strategic research, leadership development, peer learning and the GrowFL Florida Companies to Watch event.
The Florida Companies to Watch program hosted by GrowFL, in association with the Edward Lowe Foundation, celebrates the top 50 second-stage companies according to their special strengths and impact in their markets, communities and within the state.
Second-stage companies are identified as somewhere in between a startup and a large firm and are poised for growth. In turn, GrowFL’s efforts on these companies means strengthening the economy of the region and supporting the entrepreneurs operating in Florida. As the only statewide organization focused exclusively on these companies, GrowFL’s philosophy is to identify, serve and celebrate these companies that have the best potential to contribute to Florida’s economy.
GrowFL Florida Companies to Watch is in its 9th year and recognized 450 companies from various industries throughout the state of Florida. This year’s honorees will be honored on November 14, 2019 at the Hard Rock Live, Universal City Walk in Orlando, FL.
The 2019 GrowFL Florida Companies to Watch event is supported by 25 Corporate Partners including: ACQUIVEST Financial Group, CliftonLarsonAllen, Coastal Cloud, CTI Leadership, Cybis Communications, Custom Manufacturing and Engineering, Engineering & Computer Simulations, Enterprise Florida, Florida Capital Advisors, FloridaMakes, Florida Power and Light Company, FloridaTrend, Insperity, Kirby Employee Benefits, NanoPhotonica, Newland Associates, Nperspective – CFO and Strategic Services, OUC – The Reliable One, PBM Premium Laser Specialties, Pharus Group, QuantumFlo, Inc., Sales Advisors of Florida, SunTrust, Traction in Florida, United Capital Funding Group, University of South Florida, U.S. Submergent Technologies, Wells Fargo and WithumSmith+Brown, PC.
Each Corporate Partner designates a representative to join the GrowFL Advisory Board, whose purpose is to provide leadership in support of GrowFL’s mission: “To provide strategies, resources and support to second-stage companies for next level growth.”
“We are proud to partner with such a fine group of companies,” explains 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. “Our partners play an integral part in assisting GrowFL in their mission to help second-stage businesses advance to the next level.”
From 2015 through 2018, the 2019 GrowFL Florida Companies to Watch Honorees generated $923 million in revenue and added 935 employees, reflecting a 123.9% increase in revenue and 131% increase in jobs for the four-year period. That translates into a 31% average annual revenue growth and 32.2% average annual growth in employees.
These companies projected continued growth in 2019, with a 34.8% revenue increase and 36.8% growth in employees compared to 2018. If their projections hold, these companies will have generated $1.38 billion in revenue and added 1,541 employees over the last five years — a 201.9% increase in revenue and 216% increase in jobs since 2015.
To learn more about the event and this year’s honorees visit: https://www.growfl.com/flctw19/about-flctw/