SARASOTA, Fla. (August 26, 2014) Sarasota-based PPi Technologies Group has been named to Grow Florida’s Florida Companies to Watch list of the top 50 second-stage growth companies in the state.
The honor comes from more than 500 companies statewide who were nominated as finalists for the award, including three other Sarasota firms: Biological Tree and Landscape Services; Clarke Advertising + Public Relations; and Karins Engineering Group, Inc.
“The Grow Florida Companies to Watch award is seen as a reward to all our staff for their efforts to be the best business we possibly can and keep our customers satisfied,” said Charles Murray, CEO of PPi Technologies Group. “Internally, we talk about doing things right, once, and this means our cost controls are positive and every member of the staff understands this effects their annual bonus.”
PPi Technologies Group sells its stand-up pouch and zipper machinery nationally and worldwide. It has manufacturing joint ventures with SN Machinery of Germany, Nishibe Packaging Systems of Japan, Acepak of South Africa and Leepack of South Korea, along with sales offices in China.
“We are pleased that our longstanding relationship with PPi Technologies Group allowed us to play a role in helping the company grow and prosper in Sarasota County,” said Mark Huey, CEO and President of the Economic Development Corporation of Sarasota County. “Congratulations to PPi for this impressive achievement, and to the other finalists from Sarasota County.”
Florida Companies to Watch is an awards program that celebrates privately-held, second-stage companies headquartered in the state. To be eligible, applicants must employ between six and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue or working capital in place. 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.
The Grow Florida award is unique because of its focus on second-stage companies and the wide-ranging industries they represent. The impact of these companies on Florida’s economy is immense, and this year’s honorees are examples of such companies in the state. Overall, the 2014 winners had $370 million in total annual revenue in 2013, which was a 36 percent increase in total annual revenue compared to 2012. They employed 1,757 full-time equivalent employees, with 462 net new jobs projected for 2014.
“Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies,” 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.
GrowFL was created in 2009 by the Florida legislature as an economic development program focused on helping second-stage growth companies prosper in the state of Florida.
The EDC of Sarasota County is the private, not-for-profit corporation leading the community’s economic development strategy to add high-wage jobs and diversify the local economy. The EDC provides business assistance to companies in Sarasota County and helps forge solutions to community challenges that affect quality of life. The EDC works in partnership with chambers of commerce, local governments and other organizations throughout the county and the region. For more information, visit www.edcsarasotacounty.com.