VAYA SPACE SELECTED AS GROWFL 11TH ANNUAL FLORIDA COMPANIES TO WATCH HONOREE
Outstanding leadership, culture and growth make these second-stage businesses stand-out
Cocoa, Florida (October 5, 2021) — Vaya Space is pleased to be among the top 50 second-stage companies in Florida selected as a 11th Annual GrowFL Florida Companies to Watch honorees, a statewide competition that identifies companies expected to see significant growth over the next several years. The 11th Annual GrowFL Florida Companies to Watch awards celebration is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.
Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching.
82 finalists were announced earlier this year, and the 50 honorees were selected after a final round of judging by a panel of independent judges comprised of past honorees, economic development leaders and corporate partners of GrowFL. Companies were judged on several criteria including growth in number of employees; impact of the business in the job market; increase in sales and/or unit volume; current and past financial reports; innovativeness of the product or service; response to adversity; and contributions to aid community-oriented projects.
“This group of Honorees represents 20 counties, 20 different industries and almost 50% of them are women, veteran or minority-owned. They have demonstrated notable growth and have the courage and tenacity it takes to be a successful entrepreneur. Despite the challenges thrown their way and pivoting through a pandemic, these companies embody the unshakeable resiliency of Florida’s entrepreneurs,” said Lisa McIntosh, GrowFL Florida Companies to Watch Chair and founder of C-E-Optimal Advisors.
Vaya Space President Robert A. Fabian said, “Being named as an honoree for GrowFL Top Companies to Watch is recognition of the amazing talent we've assembled at Vaya Space. I'm privileged to lead this team of dedicated professionals as we make space travel safer, more affordable, and more eco-friendly. I look forward to working with the GrowFL organization, as we take Vaya Space to the next level.”
“Year after year, these outstanding companies continue to impress me. These are the CEOs, managers, and team members who are making the biggest impact on our state’s economy,” said Russell Slappey, CEO of Nperspective CFO & Strategic Services and event title sponsor. “They deserve to be celebrated now and into the future as they continue to grow, continue to innovate and continue to be a company we all should watch.
To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 and revenue between $750,000 and $100 million in 2020. Even through the pandemic, these companies projected continued growth in 2021, with a 62% revenue increase and 49% growth in employees compared to 2020. If their projections hold, these companies will have generated $1.7 billion in revenue and added more than 1,500 employees over the last five years — a 263% increase in revenue and a 206% increase in jobs since 2017.
Companies named to the list will be officially recognized at the 11th Annual GrowFL Florida Companies to Watch Celebration on February 17, 2022, at the Hard Rock Live in Universal CityWalk, Orlando, FL. Tickets are on sale now. For more information or to purchase tickets, visit https://growfl.com/flctw21/about-flctw/.
About Vaya Space: Headquartered in Cocoa and operating from the Florida Space Coast, Vaya Space is a hybrid rocket propulsion systems and small satellite launch services company leveraging advances in additive manufacturing to redefine the cost, performance, environmental impact, and safety of space access.
Rebranding in early 2021 to signify the change in focus from R&D to commercial operations, Vaya Space is projected to disrupt the satellite launch market with industry-low pricing and cutting-edge technology that is both eco-friendly and safe.
Vaya Space is now conducting sub-orbital flights during the fourth quarter of 2021, and taking reservations for commercial orbital launches beginning in 2023. Positioned to serve the global market, Vaya Space recently opened a subsidiary in Brazil to enable strategic expansion into Latin America.