TAMPA, Fla., Aug. 17, 2016 /PRNewswire/ -- Bracken Engineering, Inc. is among 50 statewide companies expected to see significant growth over the next several years. Bracken Engineering, Inc. was selected from more than 500 nominees for Florida Companies to WatchSM, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.
Bracken's management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.
"These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow," 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. "They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets," he said.
"This is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies," said Dr. O'Neal. Second-stage companies are defined as those with six to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
"We are thrilled to be named one of the 2016 Florida Companies to Watch. This was definitely a team effort," said firm President, William Bracken. "Our focus is on smart growth by actively listening to our client's needs and by providing solid solutions to our clients via strong and timely deliverables." Bracken added, "We also believe in giving back generously to our community. I'm also proud that our staff consistently seeks out ways to get involved with local charities."
The 50 companies named the 2016 Florida Companies to Watch generated a total of more than $1.1 billion in revenue and added nearly 1,200 employees between 2012 and 2015.
Together, the companies project a 30 percent increase in revenue and 33 percent increase in job growth in 2016.
Companies named to the list will be officially recognized November 3rd at the Hard Rock Live, Universal CityWalk, Orlando. For more information, visit growfl.com/flctw16.
About Bracken Engineering Inc.
Bracken Engineering Inc. provides a broad range of consulting solutions with expertise ranging from forensic, geotechnical and structural engineering, to construction and disaster assistance. Their teams of experts work with a wide range of properties, including commercial, residential, municipal, and industrial. They address building code, litigation, public safety, cost and risk management issues for insurance, legal, and construction industries.
For more information, visit www.brackenengineering.com.
More About GrowFL:
GrowFL provides strategies, resources and support, including strategic research and peer-to-peer CEO mentoring and leadership development, to second-stage Florida companies. Created by the Florida legislature in 2009 and grounded in the philosophy of Economic Gardening® — growing existing businesses in a community, region or state — GrowFL is a critical component of the state's economic development strategy and Florida's entrepreneurial ecosystem. GrowFL is certified by the National Center for Economic Gardening through the Edward Lowe Foundation. Website: growfl.com
About the Edward Lowe Foundation:
Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a second mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,600-acre home in southwest Michigan.
Gregg Golson CPCU, ACS, AIC, AIM, AINS, AIS, API, CSM
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SOURCE Bracken Engineering, Inc.