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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)