— Entrepreneurial styles, corporate cultures give these second-stage companies competitive advantages—
Ormond Beach, FL (August 16, 2016) CO2Meter, Inc. is among 50 statewide companies expected to see significant growth over the next several years. CO2Meter was selected from more than 500 nominees for Florida Companies to WatchSM, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.
CO2Meter’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.
“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.
“This is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” said Dr. O’Neal. Second-stage companies are defined as those with six to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
“We’re proud to be selected by Grow Florida,” said Ray Hicks, President of CO2Meter, Inc. “We started out in Michigan, but decided to move the company to Florida when we started to grow.”
“The support from both the state and our employees here in Florida are two of the reasons we’ve had such tremendous growth and success,” Ray added.
The 50 companies named in the 2016 Florida Companies to WatchSM generated a total of more than $1.1 billion in revenue and added nearly 1,200 employees between 2012 and 2015.
Together, the companies project a 30 percent increase in revenue and 33 percent increase in job growth in 2016.
Companies named to the list will be officially recognized November 3rd at the Hard Rock Live, Universal CityWalk in Orlando.
For more information, visit growfl.com/flctw1.
About CO2Meter, Inc.
CO2Meter, Inc. is a Florida based business specializing in the design and manufacturing of gas detection and monitoring devices – mainly CO2. Our approach is one based in the science of gas and how best to accurately and repeatedly measure that gas for the end users purposes. Our business partners in agriculture, HVAC, science, safety, research, pharmaceuticals, beverage, and other fields find our devices to be highly accurate and cost effective. Website: http://www.CO2Meter.com
GrowFL provides strategies, resources and support, including strategic research and peer-to-peer CEO mentoring and leadership development, to second-stage Florida companies. Created by the Florida legislature in 2009 and grounded in the philosophy of Economic Gardening® — growing existing businesses in a community, region or state — GrowFL is a critical component of the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is certified by the National Center for Economic Gardening through the Edward Lowe Foundation. Website: http://growfl.com
About the Edward Lowe Foundation
Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a second mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,600-acre home in southwest Michigan.