BLOOMINGTON, Ind. – The Indiana Economic Development Corporation has recognized Option Six, Inc. as one of the Top 50 honorees within the 2009 Indiana Companies to Watch.
Companies to Watch is an awards program that celebrates Indiana privately held second-stage companies, typically those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.
“This is an extraordinary honor shared by all employees at Option Six. Their quality and dedication is what makes Option Six successful,” said Bill West, president and founder of Option Six. “We’re very grateful to be one of the 50 honorees. It’s a privilege to be recognized among such an impressive group.”
West also credited the Bloomington community for the company’s success. “Early in our development, the city and several local executives volunteered their time and resources to help us get things off the ground. Now, we are committed to being a company that provides good paying jobs and impacts our community in positive ways,” West said.
This year more than 500 Indiana companies, representing 59 Indiana counties, were nominated for the Companies to Watch program. Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, or other notable strengths.
This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana’s economy is immense. During 2005-2007 Indiana’s resident companies averaged more than 32,000 second-stage establishments, according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed more than 760,000 workers.
Looking at the contributions of these companies from a broader perspective, from 1993 to 2007 only 15 percent of Indiana’s resident establishments were in the second-stage category, however, they generated nearly 41 percent of net new jobs.
Indiana Companies to Watch is a collaboration among the Indiana Economic Development Corp., through its Small Business Development Center Network, Purdue University, and the Edward Lowe Foundation.
The 50 companies, representing 17 Indiana counties, will be honored during the second annual Indiana Companies to Watch awards program on Aug. 27 in Indianapolis.
About Option Six
Option Six, Inc. is one of the leading producers of custom training. Based in Bloomington, IN, the company has a proven record of providing successful learning experiences and establishing trusted relationships to help their clients implement mission critical solutions. As a result, Option Six has received more than two dozen awards for product quality and entrepreneurship. Option Six has the pleasure of serving companies across the world, including Microsoft, Toyota, and Prudential. For more information, visit www.optionsix.com.
The BEDC is the lead business retention, development and attraction entity for Bloomington and Monroe County, Indiana. The BEDC serves as the lead intermediary between local businesses and state and federal economic development assistance programs. The BEDC is also the host for the Bloomington Life Sciences Partnership (BLSP) and the Bloomington Technology Partnership (BTP). Further information about the BEDC is available at www.comparebloomington.us.