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)
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)
as of 9/16/2018
From 2014 through 2017, these companies generated $957 million in revenue and added 1,740 employees, reflecting a 113% increase in both revenue and employment for the four-year period. That translates into a 28% annual average growth in both revenue and employment.
These companies projected continued growth in 2018, with a 50% revenue increase and 40% growth in employees compared to 2017. If their projections hold, these companies will have generated $1.47 billion in revenue and added 1,616 employees over the last five years — a 221% increase in revenue and 198% increase in jobs since 2014.
Summary of Honoree Demographics
7 Regions, 20 Counties and 31 Cities Represented
28% Women, Veteran and/or Minority‐Owned
44% LLC / 42% S Corp. /
10% C. Corp.
Oldest Company Formed: 1925 (93 years) / Newest: 2016 (2 years)
18 Different Industries Represented
Largest industry representation:
Manufacturing 32%
Information Technology 10%
Revenue
2017: $339 million
(28% annual increase)
2017: Avg. revenue/company
$6.8 million
Employment
2017: 1,740 (28% annual increase)
2017: Avg. jobs/company: 35
Economic Impact Between
2014 and 2017
Revenue $957 million
Employment 923 jobs added
Projected Growth 2018 vs 2017
Revenue: $171 million
(50% increase)
Employment: 693 New Jobs
(40% 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.