GrowFL was created in 2009 by the Florida legislature as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through Strategic Research, Peer Learning and Leadership Development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. Based on the philosophy of Economic Gardening®—to grow existing businesses in a community, region or state—GrowFL, the Florida Economic Gardening Institute, is a critical component to the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is a statewide economic development organization certified by the National Center for Economic Gardening through the Edward Lowe Foundation.
As of June 30, 2014, GrowFL assisted companies represent over 14,000 direct jobs across the state of Florida. In 2014, these companies had an estimated sales output of over $1 billion and contributed over $2 billion to the Florida economy. For fiscal years 2013 and 2014, a variety of state, local and private sector funding sources invested $2.89 million in the GrowFL program. The activities of this program over the same time period helped generate an estimated 3,545 net new direct, indirect and induced jobs, which in turn contributed over $547 million to Florida’s economy and generated an additional $18.17 million in total state and local tax revenues (above and beyond the cost of the program). This translates into a net Return On Investment of $6.27 for every $1.00 invested into the program.
*All dollar amounts have been adjusted to 2015 dollars.
Today, GrowFL has assisted more than 700 companies through our Strategic Research and CEO Roundtable programs and recognized 200 successful entrepreneurs through our annual awards program, Florida Companies to Watch.
We put the CEO at the center of everything we do.
It’s about the strategy. It’s about sustainable growth.
Identifying the core business strategy of a company helps determine if they are in the right market; what type of product or service they have and is it sustainable; and how can they tap into the most successful market at the lowest cost. GrowFL experts work directly with a CEO and his or her team to answer these questions and provide the clearest path towards increasing their top line revenues.
Second-stage companies are identified as somewhere in between a startup and a large firm and have one basic commonality – they are poised for growth. Focusing our efforts on these companies means strengthening the economy of the region and supporting the entrepreneurs who live among us.
GrowFL is driven by one goal – to cultivate second-stage growth companies across the state. Second-stage companies are the backbone of Florida’s economy and the definition of economic growth and prosperity. GrowFL, through our nationally certified team of experts, provides proven methods to help overcome unique challenges facing second-stage companies as they grow.
As the only statewide organization focused exclusively on second-stage and emerging second-stage growth companies, GrowFL’s philosophy is to identify, serve and celebrate these companies that have the best potential to contribute to Florida’s economy.
Working with statewide partners and entrepreneur support organizations, we are committed to local delivery of services to help these companies achieve their potential.
Here’s how we do it:
CEOs need tools, best practices and data to gain the knowledge and power to grow, strengthen and impact our economy.
Our experts work with your team to explore strategies and discover new resources to increase top-line revenue.
CEO Roundtables and CEO Forums offer access to knowledge from your peers – other successful CEOs.
GrowFL’s leadership development programs are held throughout the state and help CEOs discover the people and resources needed to help their business grow.
Characteristics of the GrowFL Client: