GrowFL was created in 2009 as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida.
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GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. This program provides strategies, resources, and support to second-stage companies for next level growth through strategic research, peer learning, and leadership development.
As of June 30, 2015, GrowFL assisted companies in representing over 16,737 direct jobs across the state of Florida. In 2015, these companies had an estimated regional sales of over $3.4 billion and contributed regional GDP of over $1.4 billion to the Florida economy. Between 2009 and 2015, a variety of state, local and private sector funding sources invested $8.04 million in the GrowFL program. The activities of this program over the same period helped generate an estimated 10,942 net new direct, indirect, and induced jobs. This, in turn, helped contribute over an estimated total regional sales of over $1.88 billion and total regional GDP of over $941 million to the Florida economy. Further, these activities generated an additional $81.18 million in total state and local tax revenues (above and beyond the cost of the program). This translates into a Net Return On Investment of $9.10 for every $1.00 invested into the program.