(Punta Gorda, FL) – Arcadia Aerospace has been recognized as a recipient of the 2013 Florida Companies to WatchSM award, an honor presented by GrowFL at the University of Central Florida. In its 3rd year, Florida Companies to Watch is presented by GrowFL at the University of Central Florida in association with the Edward Lowe Foundation. Fifty companies from across the state of Florida will receive their recognition and be treated like rock stars at an awards event on Thursday, October 24 at the Hard Rock Live in Orlando, Florida.
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 6 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.
Among the honorees in 2013 is Arcadia Aerospace Industries LLC.
Located on the grounds of the Punta Gorda Airport in Florida, Arcadia provides aerospace composite component manufactures solutions for inspection, engineering, quality and special process manufacturing. Specializing in Nadcap accredited Nondestructive Inspection of composite airframe components; the company has developed state-of-the-art application specific automated systems dramatically reducing inspection time, helping manufacturers meet their rate commitments for aerospace primes such as Boeing and Airbus.
About second-stage businesses and Florida Companies to Watch
Florida Companies to Watch 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. During 2007-2009, Florida’s resident companies averaged more than 110,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed nearly 2.5 million workers.