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Regional Development

Indiana Companies to Watch Nominations Being Accepted

Posted by Scott Hutcheson on February 18, 2015, in PCRD.

Nominations are now being accepted for the 8th annual Indiana Companies to Watch program, a celebration of high-performing, second-stage companies in Indiana.

Second-stage companies are established and growing firms, typically past the startup phase and facing challenges related to growth rather than survival. To be eligible for the Companies to Watch program a company must meet the following criteria:


  • Be privately held (not publicly traded and not a subsidiary or division of another company).
  • Be a commercial enterprise, not a nonprofit.
  • Be past the startup stage.
  • Employ 6 to 150 full-time equivalent W-2 employees, including the owner.
  • Have between $750,000 and $100 million in annual revenue or working capital in place from investors or grants.
  • Be headquartered in Indiana.
  • Have not won this award in the past.
  • Demonstrate the intent and capacity to grow based on evidence such as:
    • Employee or sales growth
    • Exceptional entrepreneurial leadership
    • Sustainable competitive advantage
    • Other notable factors that showcase the company’s success

Known for their performance in the marketplace, innovative products, unique processes or philanthropic actions, second stage companies represent a wide range of industries from all corners of Indiana. Nearly 10% of firms in Indiana fall into this second-stage category but they account for over 36% of Indiana jobs.

Companies to Watch is not an award of the “top” or “best” companies — the companies selected each year make a point about Indiana’s diverse economic landscape. They make an astounding impact on the state’s economy by collectively providing thousands of jobs and contributing millions of dollars of revenue. Do you know of a company that’s worth watching? If so, you can nominate them here.

Indiana Companies to Watch is presented by the Office of Small Business and Entrepreneurship and its Small Business Development Centers and endorsed by the Edward Lowe Foundation.

Indiana Firms by Stage - 2013

Stages defined by number of employees: Self (1), Stage 1(2-9), Stage 2 (10-99), Stage 3 (100-499), Stage 4 (500+) Data from www.youreconomy.org.

Indiana Jobs by Stage - 2013

Stages defined by number of employees: Self (1), Stage 1(2-9), Stage 2 (10-99), Stage 3 (100-499), Stage 4 (500+) Data from www.youreconomy.org.