Five Indiana companies, including Wakarusa-based Livin’ Lite Recreational Vehicles LLC, were recognized as “Spotlight” award recipients at the fourth annual “Companies to Watch” ceremony in Indianapolis Thursday (Aug. 25), according to a news release.
The accolade, presented by the Indiana Economic Development Corp., its Small Business Development Center network, Purdue University and the Edward Lowe Foundation, recognizes past “Companies to Watch” honorees that have demonstrated continued growth, success and commitment to Indiana.
In addition to Livin’ Lite, Greenfield-based Lee and Ryan Environment Consulting Inc., a construction and environmental consulting firm, Indianapolis-based MainGate Inc., a sports merchandising and marketing firm, Columbia City-based Micropulse Inc., a medical devices firm, and Indianapolis-based POLARIS Laboratories LLC, a fluid analysis testing laboratory, were honored.
“‘Spotlight’ award winners are shining examples of the growth and ongoing impact that ‘Companies to Watch’ recipients have in their communities and beyond,” said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “These five companies deserve our congratulations and our thanks for exemplifying the many strengths of Hoosier businesses.”
Livin’ Lite, a 2009 “Companies to Watch” recipient, weathered the RV industry storm and grew from approximately 51 to 77 employees in 2011. With 200% revenue growth in 2010, the RV manufacturer expects an 88% revenue increase this year due to its new light-weight RV model.
The second annual field of “Spotlight” award winners were honored along with this year’s 43 “Companies to Watch” recipients, that included Elkhart, Ind.-based RV supplier Dicor Corp., at a ceremony at the Indiana Roof Ballroom yesterday. Companies recognized as “Companies to Watch” are privately held businesses incorporated in Indiana, employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital.