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[IEDC] Nominations and Applications Open for Business Awards Program
Start Date: 2/18/2013 All Day
End Date: 2/18/2013
Entry Description

INDIANAPOLIS (Feb.18, 2013) - Nominations and applications for the sixth annual Indiana Companies to Watch awards program, highlighting some of the state's most impressive second-stage growth companies, opens today.

Presented by the Indiana Economic Development Corporation, its Indiana Small Business Development Center (ISBDC) and the Edward Lowe Foundation, Indiana Companies to Watch recognizes privately held Indiana businesses that employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital.

“Companies to Watch helps highlight high-growth, homegrown Hoosier businesses that make up the foundation of our economy,” said Eric Doden, president of the Indiana Economic Development Corporation. “Small businesses are not only an essential part of Indiana’s story, but critical to building a stronger future for our state and creating more careers for Hoosiers. We look forward to recognizing this year’s rising companies.”

Anyone may nominate an eligible business or apply for the awards by completing the online application forms at A panel of judges will review the applications and select the companies to receive the awards based on past growth, projected success, innovation, technology application, company culture, community involvement and other factors. Nominations will be accepted through March 29. Nominees must complete an application by April 19. Companies may also bypass the nomination process and submit an application on their own behalf.

"We view Companies to Watch as essential to the economic development efforts in the state of Indiana,” said Marcus Chandler, co-chair and partner of Barnes & Thornburg VentureTech Practice Group. “We believe that Companies to Watch's high growth middle market companies will be the leading job creators for our state in the long haul."

Winners of the awards will be recognized during an August awards dinner at the Indiana Roof Ballroom in Indianapolis.

Companies to Watch was developed by the Cassopolis, Mich.-based Edward Lowe Foundation. The foundation hosts similar programs in other states.

"Now in its sixth year, Indiana Companies to Watch is more than a mere trophy on the shelves of honorees,” says Penny Lewandowski, vice president of entrepreneurship and strategic growth at the Edward Lowe Foundation. “Because of its reputation for recognizing excellence in Indiana’s most successful second-stage companies, Companies to Watch puts awardees on the map, often opening doors to funders and new business partnerships.”

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit

About the ISBDC
The Indiana Small Business Development Center is an Indiana Economic Development Corporation program funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Through 10 regional centers, the ISBDC provides free and low-cost business advising and assistance to small businesses at any stage of development. For more information about the ISBDC, visit

About the Edward Lowe Foundation
The foundation is a Michigan-based nonprofit organization that supports entrepreneurship through recognition, education and research with a focus on second-stage companies—those that have moved beyond the startup phase and seek significant, steady growth.

About Indiana Companies to Watch
Indiana Companies to Watch is an Awards Program Celebrating Second-Stage Entrepreneurs presented by the Indiana Economic Development Corporation and its Small Business Development Centers in association with the Edward Lowe Foundation. Sponsors include Barnes & Thornburg, Katz Sapper & Miller, Key Bank and Ivy Tech Corporate College.


Media Contact:
Katelyn Hancock (IEDC) – 317.234.2294 or


Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Business & Agriculture
  • Agency Name
    Economic Development Corporation, Indiana

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