Pasco County, Florida — Facts Engineering, LLC, Power Quality International (PQI), Inc. and The Launch Pad, Inc. will be recognized at an awards gala Friday evening as recipients of the 2012 Florida Companies to Watch award. In its second year, Florida Companies to Watch is an honor presented by the Florida Economic Gardening Institute (GrowFL) at the University of Central Florida. Fifty companies from across the state of Florida will be in the spotlight, three of which are from Pasco County.
“It’s an absolute thrill to see our name here. I have a ton of respect and admiration for the elite group of Florida companies that are on this list. To be recognized by our home state is a huge honor.” said The Launch Pad CEO Ilene Rosoff. “To me, being able to shine in the face of tough competition, constantly changing landscapes and a difficult economy is the mark of true perseverance. To be part of this group of companies that embrace the values we hold dear at The Launch Pad is truly inspiring.”
PQI Founder and Principal Engineer, Greg Ferguson said, “we are honored that PQI is receiving this recognition. We are proud to be a Florida company and expect PQI’s rich heritage of electrical engineering expertise and innovative products to continue to make an impact on energy systems worldwide and on Florida’s economy as we continue to grow.”
Florida Companies to Watch is an awards program that celebrates small privately held growth companies headquartered in the state. To be eligible, applicants must employ between 6 and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue. Awardees are selected for demonstrating the intent and capacity to grow, based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths.
Pasco County began recognizing the activity of “second stage” companies in Pasco this past year and took steps to support these key job-creation firms. Second Stage companies are fast growing firms that have moved beyond the start-up or first stage. Krista Hakes, Economic Development Manager for Pasco Economic Development Council is one of six people in Florida to complete the “Economic Gardening Certification” through the Florida Economic Gardening Institute (GrowFL), a program that supports stage two companies. In addition, Pasco EDC, in conjunction with GrowFL and CEO Nexus, began a monthly CEO roundtable program and held a CEO Forum at Saint Leo University specifically for stage two companies.
During 2007-2009, Florida’s resident companies included an average of more than 110,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed nearly 2.5 million workers.
“It is gratifying to see three out of the 50 companies selected from Pasco County,” said John Hagen, Pasco EDC President/CEO. “Companies in this unique stage-two phase offer the best opportunity for growth, and will prove to have a great impact on Pasco County’s economy and employment.”
Along with Grow FL, Edward Lowe Foundation and the Florida Department of Economic Opportunity are also event co-sponsors.
Pasco EDC is a non-profit organization that promotes economic development in Pasco County, Florida. Pasco EDC continues to be a strong partnership funded by corporate and public investors focused on the economic vitality of Pasco County.