State Announces 'Companies to Watch'Posted: Updated:
The Indiana Economic Development Corp. says this year's 33 "Companies to Watch" are projected to create nearly 350 jobs. The 2013 class includes manufacturing, life sciences and technology employers from 14 counties. The IEDC says the combined revenue of the companies is expected to increase by nearly $220 million, compared to last year. July 17, 2013
INDIANAPOLIS, Ind. - Thirty-three companies from 14 Indiana counties have earned a place in Indiana's sixth annual field of 'Companies to Watch.'
"The entrepreneurial spirit soars in this year's class of 'Companies to Watch,'" said Eric Doden, president of the Indiana Economic Development Corporation. "With the spark of a great idea, the ingenuity to develop solutions and the determination to achieve greatness, these companies demonstrate what it takes to stand out in the marketplace. Because we offer a low-tax climate with a skilled workforce, companies of all sizes know that they can exercise a competitive advantage in Indiana, a state that works for business."
The accolade, presented by the Indiana Economic Development Corporation, the Indiana Small Business Development Center network and the Edward Lowe Foundation, recognizes the state's privately held businesses that employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital.
The 33 'Companies to Watch' from 14 Indiana counties were named after evaluating 300 nominations for the awards and represent industries ranging from biotech research and robotic part design to gourmet flavor manufacturing and automotive safety.
The chosen companies project to have combined revenues in excess of $422 million and create more than 345 new jobs this year. The revenue projections represent an increase of more than $218 million or 36 percent from 2012.
With major sponsorship from Barnes and Thornburg, LLP, the 'Companies to Watch' awards program is an initiative developed by the Cassopolis, Mich.-based Edward Lowe Foundation. The foundation licenses similar programs in other states. The program is also sponsored in part by Katz Sapper & Miller, KeyBank, Purdue University and Ivy Tech Community College.
The 33 'Companies to Watch' will be honored at an Aug. 22 ceremony at the Indiana Roof Ballroom in Indianapolis. Tickets for the ceremony and dinner are still available and may be purchased online at www.inctw.org or by calling 888.472.3244.
Complete List of Companies to Watch Honorees:
Company City Primary Business
-AIT Bioscience Indianapolis Scientific Research and Development
-American Ultraviolet Lebanon Manufacturing
-AndyMark, Inc. Kokomo Manufacturing
-ATC Trailers Nappanee Manufacturing
-Bastian Automation Engineering Greenfield Manufacturing
-Clinical Architecture Carmel Information Technology
-Complexus Medical Mishawaka Manufacturing
-Construct Solutions, Inc. Indianapolis Construction
-DECA Financial Services Fishers Other Services
-Diverse Staffing, Inc. Indianapolis Administrative and Support Services
-Emerging Threats Lafayette Information Technology
-EmNet, LLC South Bend Information Technology
-Envisage Technologies Bloomington Information Technology
-Fanimation, Inc. Zionsville Manufacturing
-FRATCO, Inc. Francesville Manufacturing
-IBC Coatings Technologies, Inc. Lebanon Manufacturing
-Integrative Flavors Michigan City Manufacturing
-Kessler Crane, Inc. Plymouth Manufacturing
-Kinetech Indianapolis Manufacturing
-Milestone Advisors Indianapolis Accounting, Tax Preparation, Bookkeeping, Payroll Services
-Net Irrigate Bloomington Manufacturing
-netlogx, LLC Indianapolis Information Technology
-Nexxt Spine, LLC Noblesville Health Care and Social Assistance
-Novia CareClinics Indianapolis Health Care and Social Assistance
-Phoenix Data Corporation Indianapolis Information Technology
-Protective Coatings, Inc. Fort Wayne Manufacturing
-Royal Excursion Mishawaka Transportation and Warehousing
-Sportula Products Warsaw Retail Trade
-StrataShops Elkhart Retail Trade
-Summers Plumbing Heating & Coating Noblesville Retail Trade
-TinderBox Indianapolis Information Technology
-Tyson Onsite Indianapolis Construction
-Union Station Technology Center South Bend Information Technology
The Indiana Small Business Development Center (ISBDC) creates a positive and measurable impact on the formation, growth, and sustainability of Indiana's small businesses by providing entrepreneurs expert guidance and a comprehensive network of resources. Funding comes from government, organizations, and businesses, committed to growing Indiana and local economies. Statewide funders include The Small Business Administration and The State of Indiana. To learn more about the ISBDC and to become a client visit: http://isbdc.org
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.