The Phoenix-based Arizona Small Business Association (ASBA) and the Cassopolis, Michigan-based Edward Lowe Foundation have announced winners of the 2008 Comerica Bank Arizona Companies to Watch contest. ASBA and the foundation, which promotes entrepreneurship, selected the 50 winners from more than 3,000 nominees (and 300 finalists) across the state. To qualify, a company must be what they call a “second-stage” firm, defined as having 10 to 100 full-time employees and $750,000 to $100 million in annual revenue or working capital. Winners also must be privately held and based in Arizona. According to the foundation, these “second-stage” companies comprise 12 percent of all Arizona businesses and create more than 40 percent of the jobs in the state.
Tonight the awards were issued to the 50 winners at a gala event at the Phoenix Convention Center, and I am proud to say that 5 of them are clients of mine.!