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Michigan Food and Ag Businesses Recognized
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Michigan food and agriculture business entrepreneurs are among 50 companies being recognized for their vision, dedication, and economic investment in the state by Companies to Watch.


Source: Michigan Department of Agriculture and Rural Development

Michigan Food and Ag Businesses Make 50 Companies to Watch List


Michigan food and agriculture business entrepreneurs are among 50 companies being recognized for their vision, dedication, and economic investment in the state by Companies to Watch, a program created by the Michigan Small Business & Technology Development Center, Michigan Economic Development Corp., U.S. Small Business Administration, Small Business Association of Michigan, Greater Lansing Business Monthly and Edward Lowe Foundation.

Companies making the list are chosen by Michigan judges from the economic development, banking, entrepreneurial and venture capital communities. To be nominated, a company must be a privately held, commercial, second stage and Michigan-based, and characterized as established and growing.

“The Michigan 50 Companies to Watch list further underscores that our state’s food and agriculture sector is not only ripe for business opportunity, but on the grow,” said Jamie Clover Adams, director, Michigan Department of Agriculture and Rural Development. “I congratulate these businesses on their success, and look forward to seeing more food and agriculture-based companies on next year’s list.”

The Michigan food and agriculture-based companies on the grow, according to Michigan 50 Companies to Watch include:

· Cherry Capital Foods of Traverse City

· Grand Traverse Distillery of Traverse City

· Edibles Rex of Detroit

· Jollay Orchards of Coloma

· Moomers Homemade Ice Cream, Inc. of Traverse City

· Nobis Agri Science, Inc. of Plainwell

· Supermercado Mexico of Grand Rapids

From 2009 through 2012, the 50 selected companies generated $937 million in revenue and added 728 employees (both in Michigan and out of state), reflecting a 125 percent increase in revenue and 101 percent increase in jobs for the four-year period. That translates into a 31 percent annual revenue growth and 26 percent annual growth in employees.

The combined 50 company’s project continued growth in 2013, with a 46 percent revenue increase and 25 percent growth in employees (both in Michigan and out of state) compared to 2012. If their projections hold, these companies will have generated $1.4 billion in revenue and added 1,087 employees over the last five years - a 228 percent increase in revenue and 151 percent increase in jobs since 2009.

Michigan 50 Companies to Watch is an awards program that discovers and celebrates the second-stage companies that make an impact in their markets, in their communities and in the state. We are seeking companies known for their marketplace performance, innovation, philanthropy and corporate culture.

For more information on Michigan 50 Companies to Watch, visit: https://michigan.companiestowatch.org/index.ctw