From 2017 through 2020, these companies generated more than $1.06 billion in revenue and added 770 employees, reflecting a 124% increase in revenue and 105% increase in jobs for the four-year period. That translates into a 31% average annual revenue growth and a 26% average annual growth in employees.
Even through the pandemic, these companies projected continued growth in 2021, with a 62% revenue increase and 49% growth in employees compared to 2020. If their projections hold, these companies will have generated $1.7 billion in revenue and added more than 1,500 employees over the last five years — a 263% increase in revenue and a 206% increase in jobs since 2017.
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.