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Michigan's 50 Companies to Watch project 25 percent job growth

May 9, 2013
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Michigan's 50 Companies to Watch project 25 percent job growth
Representatives from the 2013 50 Michigan Companies to Watch assemble to be recognized at The Lansing Center. Photo via fb.com

There are 50 second-stage entrepreneurs in Michigan to look out for this year.

The 9th annual Michigan 50 Companies to Watch list was recently released, revealing which second-stage companies are making great strides in annual revenue and working capital.

Economic impact

The companies generated $937 million in revenue and added 728 employees, both in Michigan and out of state, for a 125-percent increase in revenue and 101-percent increase in jobs over the four-year period between 2009 to 2012, according to michigan.companiestowatch.org.

Annually, the companies saw a 31-percent increase in revenue and 26-percent increase in employees.

In 2013, the companies project a 46-percent increase in revenue and 25-percent growth in employees, both in Michigan and out of state, compared to 2012.

Selection by committee

Companies making the list are chosen by Michigan judges from the economic development, banking, entrepreneurial and venture capital communities.

To be nominated, a company must be a privately held, commercial, second stage and Michigan based and characterized as established and growing.

The company must also employ at least 99 full-time workers and have between $750,000 and $50 million in either annual revenue or working capital.

The list is presented by Michigan Celebrates Small Business, an annual awards program.

The program was created by the Michigan Small Business & Technology Development Center, Michigan Economic Development Corp., U.S. Small Business Administration, Small Business Association of Michigan, Greater Lansing Business Monthly and Edward Lowe Foundation.

2013 Michigan 50 Companies to Watch

906 Technologies

Air Advantage LLC

Altus Brands LLC

APEC

BGL Asset Services LLC

Cadillac Culvert Inc.

Check Corp.

Cherry Capital Foods

Constructive Eating Inc.

Critter Control

Daycare Works

Edibles Rex

Embedded Logix Inc.

Gazelle Sports

Genemarkers

Global Lift Corp.

Grand Traverse Distillery

Gravity Works Design & Development

H & H Wildlife Design and Fur Dressing Inc.

Ideomed

ITB Packaging LLC

Jollay Orchards

Kyyba Inc.

LinTech Global Inc.

M22

Marshall Plastic Film

Marvel Technologies Inc.

MatchRX

Micron Mfg Co.

Mills Pharmacy & Apothecary

Mindscape at Hanon McKendry

Moomers Homemade Ice Cream

Newmind Group Inc.

NITS Solutions Inc.

Nobis Agri Science Inc.

Northern Fab & Machine LLC

OPS Solutions LLC

Panther Global Technologies

Phoenix Environmental Inc.

Plymouth Technology Inc.

Preferred Solutions Inc.

PRO-VISION Video Systems

PROLIM Corp.

QST Consultations Ltd

Resource Recycling Systems Inc.

Sentio LLC

Supermercado Mexico

TerraTrike

Uckele Health & Nutrition Inc.

Vintech Industries Inc.

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