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Indy Composite Works was named among only forty-three companies from 18 Indiana counties have earned a place in Indiana's fourth annual field of "Companies to Watch."

The accolade, presented by the Indiana Economic Development Corporation, its Small Business Development Center network, Purdue University and the Edward Lowe Foundation, recognizes the state's privately held businesses that employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital.

"These 'Companies to Watch' are among the firms fostering Indiana's economic growth," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "This group deserves our congratulations and our thanks for helping to make Indiana a great state for business."

The 43 "Companies to Watch," which were named after evaluating more than 300 nominations for the awards, represent industries ranging from custom sign design to medication consulting services and snorkeling equipment manufacturing to fire and storm restoration services.

The chosen companies project to have combined revenues in excess of $600 million and create more than 550 new jobs this year. The revenue projections represent an increase of more than $100 million or 33 percent from 2010.

With major sponsorship from Barnes and Thornburg, LLP, the "Companies to Watch" awards program is an initiative developed by the Cassopolis, Mich.-based Edward Lowe Foundation. The foundation licenses similar programs in Michigan, Colorado, Florida, Wisconsin and North Carolina. The program is also sponsored in part by Premier Capital Corporation, Katz Sapper & Miller and KeyBank.

The 43 "Companies to Watch" will be honored at an Aug. 25 ceremony at the Indiana Roof Ballroom in Indianapolis. 

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