Tamarac, FL (PRWEB) August 17, 2016 – IQ Formulations, a leading nutraceutical company based in South Florida, today was named one of the fastest growing private companies in the United States by Inc. Magazine. In its third year on the prestigious Inc. 5000 list, IQ Formulations earned a spot for 2016 by growing more than 350 percent over the past three years.
The company, headquartered in Tamarac, increased revenues from $3.58 million in 2012 to over $16 million in 2015. That number is even more impressive when you compare it to the $124,000 that the company made in its first year of business only six years ago. Overall, IQ Formulations has grown an astonishing 12,976 percent since its founding in 2010.
This explosive success has also created dozens of high-quality local jobs over the past few years, expanding from just 2 employees in 2010 to nearly 50 today. Last year, IQ Formulations moved to a new state-of-the-art $6 million, 40,000 sq. ft. manufacturing and packaging facility, and it plans to open a second location by the end of the year that will double its square footage and staff.
Jay Cohen, IQ Formulations CEO, is a lifelong South Floridian and deeply committed to keeping operations local and giving back. “I am very grateful to the community, my family and our incredible staff for helping make this growth possible, and I look forward to continued expansion in South Florida,” said Cohen.
IQ Formulations is also well-known for seeking to elevate the standards of the health supplement industry through leading by example. “Seeing our philosophy of doing things the right way resonate with people and lead to such success has been very humbling and inspiring,” Cohen added.
Today’s third consecutive naming to the Inc. 5000 is the latest in a litany of 2016 business honors for the company. Earlier this year, IQ Formulations was named Business of the Year by the South Florida Business Journal and was recognized as a 2016 DREAM BIG Blue Ribbon Small Business Award winner by the U.S. Chamber of Commerce. Its home city of Tamarac also declared May 25, 2016 as “IQ Formulations Day” with an official proclamation honoring the company’s sound business practices, strong growth, and commitment to increasing local job opportunities and manufacturing.
Inc. Magazine will formally honor IQ Formulations at a national awards ceremony in San Antonio in October.
To learn more about IQ Formulations and its Inc. 5000 placement, please visit: http://www.inc.com/profile/iq-formulations.
About IQ Formulations
IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.