as of 11/10/2020
From 2016 through 2019, these companies generated $813 million in revenue and added 668 employees, reflecting a 103% increase in revenue and 113% increase in jobs for the four-year period. That translates into a 27% average annual revenue growth and 20% average annual growth in employees.
Even through the pandemic, these companies projected continued growth in 2020, with a 15% revenue increase and 17% growth in employees compared to 2019. If their projections hold, these companies will have generated $1.14 billion in revenue and added 887 employees over the last five years — a 133% increase in revenue and 150% increase in jobs since 2016.
Summary of Honoree Demographics
7 Regions, 18 Counties and 30 Cities Represented
46% Women, Veteran and/or Minority-Owned
48% LLC/LLP / 30% S Corp. / 20% C. Corp.
Oldest Company Formed: 1979 (41 years) / Newest: 2019 (1 year)
20 Different Industries Represented
Largest industry representation:
Manufacturing 24%
Information Technology 12%
2019 Revenue
2019: $282 million (27% annual increase)
2019: Avg. revenue/company $14 million
2019 Employment
2019: 1993 (20% annual increase)
2019: Avg. jobs/company: 40
Economic Impact Between 2016 and 2019
Revenue $813 million
Employment 668 jobs added
Project Growth 2019 vs 2020 (projected)
Revenue: $41 million (15% increase)
Employment: 219 New Jobs (17% increase)
GrowFL is driven by one goal – to cultivate second-stage growth companies across the state. Second-stage companies are the backbone of Florida’s economy and the definition of economic success and prosperity.
GrowFL, through our diverse programs and services, provides proven methods to help overcome unique challenges facing second-stage companies as they grow.