JUPITER, FL - From more than 500 nominees, Locus Traxx Worldwide was named among 50 companies in Florida to watch for significant growth over the next several years by the economic development group GrowFL, in association with the Edward Lowe Foundation.
“As a company, we place a huge emphasis on providing all of our customers with innovative technology solutions to uphold the integrity of their shipments,” David Benjamin, CEO of Locus Traxx Worldwide, said in a press release. “This commitment has resulted in Locus Traxx Worldwide not only seeing growth as a company, but also becoming recognized for our hard work and dedication throughout the state of Florida. Locus Traxx has committed to creating opportunities for economic growth in our community, and we are honored to receive the GrowFL Company To Watch award.”
Among the factors that contributed to the company’s nomination, and ultimately receipt, of the award were:
- It’s competitive market position.
- Locus Traxx’s management team.
- It’s strong community involvement.
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, said that these stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow, as well as having critical intellectual property or a niche position that gives them a competitive edge in their markets.
“There is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” O’Neal added.
According to the release, ‘second-stage companies’ are those with six to 99 full-time employees and between $750,000 and $50 million in annual revenue. Those named in the 2015 Florida Companies to Watch generated a total of more than $1.2 billion in revenue, as well as having added nearly 1,000 employees between 2011 and 2014.
Together, the 50 recipients project an increase of 23 percent in revenue and 19 percent increase in job growth for 2015.
Congratulations to Locus Traxx Worldwide and the other 2015 winners.
