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GrowFL Florida Companies to Watch Honorees

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10th Annual GrowFL Florida Companies to Watch Honorees Economic Impact

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%

Revenue
2019: $282 million
(27% annual increase)
2019: Avg. revenue/company
$14 million

Employment
2019: 1,993 (20% annual increase)
2019: Avg. jobs/company: 40

Economic Impact Between
2016 and 2019
Revenue $813 million
Employment 668 jobs added

Projected Growth 2020 vs 2019
Revenue:  $41 million
(15% increase)
Employment:  219 New Jobs
(17% increase)

9th Annual GrowFL Florida Companies to Watch Honorees Economic Impact

as of 7/29/2019

From 2015 through 2018, these companies generated $923 million in revenue and added 935 employees, reflecting a 124% 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 35% revenue increase and 37% 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 202% increase in revenue and 216% increase in jobs since 2015.

Summary of Honoree Demographics

6 Regions, 21 Counties and 38 Cities Represented
42% Women, Veteran and/or Minority‐Owned
50% LLC / 28% S Corp. /
18% C. Corp.
Oldest Company Formed: 1985 (34 years) / Newest: 2018 (1 year)

21 Different Industries Represented
Largest industry representation:
Manufacturing 20%
Architectural, Engineering, and Related Services 12%
Information Technology 12%

Revenue
2018: $339 million
(40.7% annual increase)
2018: Avg. revenue/company
$6.8 million

Employment
2018: 1,649 (33% annual increase)
2018: Avg. jobs/company: 33

Economic Impact Between
2015 and 2018
Revenue $923 million 
Employment 935 jobs added

Projected Growth 2019 vs 2018
Revenue: $118 million
(35% increase)
Employment: 606 New Jobs
(37% increase)