Three marine industry companies are among the finalists for the Edward Lowe Foundation’s annual Florida Companies to Watch awards program.
- Diamondback Towers, Cocoa, Florida
- Lenco Marine, Stuart, Florida
- SeaDek Marine Products, Rockledge, Florida.
Developed by the Edward Lowe Foundation, Florida Companies to Watch is a distinctive awards program that is specifically designed to seek out second-stage businesses from a wide range of industries representing all areas of the state, not just those in major metropolitan areas. Second-stage companies are identified as somewhere between a startup and a large firm poised for growth.
Eligible companies must employ between six and 99 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 Florida Companies to Watch program consists of two rounds of selections. Now that the finalists have been selected, these companies will advance to final judging, where they will be further evaluated based on their performance in the marketplace, innovative products, services or processes, philanthropy and empowered employees. The winners will be announced in late August and celebrated at a special event on October 23 in Orlando.