Tag Archives: iq formulations award

IQ Formulations Named to Inc. 5000 for Third Year in a Row

For the third consecutive year, Tamarac-based IQ Formulations was named to the Inc. 5000 list of the fastest growing private companies in the nation. Having grown more than 350 percent over the past three years, IQ Formulations is proud to be once again honored by Inc. Magazine and plans to continue its expansion in South Florida.

IQ Formulations will be formally honored by Inc. Magazine during an awards ceremony in San Antonio this October.

For more information, please read our recent press release here, and check out the our Inc. profile page.

To see a full list of this year’s finalists, visit: http://www.inc.com/inc5000/list/2016/

Leading South Florida Outlets Spotlight IQ Formulations Following 2016 DREAM BIG Blue Ribbon Award

Following IQ Formulations’ recent recognition as a winner of the 2016 DREAM BIG Blue Ribbon Awards by the U.S. Chamber of Commerce, the company was spotlighted in both the South Florida Business Journal and the South Florida Sun Sentinel. The leading area publications highlighted IQ Formulations’ success as an industry leader and the only South Florida company to receive this esteemed award.

Learn more in the recently issued press release below:


IQ Formulations Spotlighted in South Florida Business Journal and Sun Sentinel Following 2016 DREAM Big Blue Ribbon Award

 Tamarac, FL, March 03, 2016 (GLOBE NEWSWIRE) — Top health and nutritional supplement company IQ Formulations was highlighted by the South Florida Business Journal and the South Florida Sun Sentinel this February, after the company was announced as a 2016 DREAM BIG Blue Ribbon Award winner by the U.S. Chamber of Commerce. The Tamarac-based company was the only South Florida business to receive this highly regarded recognition.

The South Florida Business Journal’s piece, published on February 19, spotlighted both IQ Formulations and its CEO Jay Cohen whose strategic vision has propelled the company to become a recognized leader in the industry. In his interview with SFBJ reporter Emon Reiser, Cohen also shared the company’s plans to expand its product line and nearly double its workforce and operations by the end of 2016.

In its article from February 23, the South Florida Sun Sentinel highlighted IQ Formulations as one of just five companies statewide and the only business from South Florida to receive this award from the U.S. Chamber of Commerce. As the piece from reporter Miriam Valverde notes, this recognition also puts IQ Formulations in the running for the national DREAM BIG Small Business of the Year Award, which will be announced during the 12th annual America’s Small Business Summit (June 13-15) in Washington D.C. where all 100 Blue Ribbon winners will be honored.

“I would like to thank both the South Florida Business Journal and the Sun Sentinel for highlighting this latest accolade for IQ Formulations,” said Jay Cohen, IQ Formulations CEO. “It is truly an honor to have your hard work and awards spotlighted in leading area publications.”

Jay Cohen, IQ Formulations CEO is known for his innovative business approach as he leads the supplement industry by example. With state-of-the-art facilities, premier quality control processes and a focus on customer service, IQ Formulations is widely recognized not only for business excellence, but also for its numerous philanthropic initiatives.

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

IQ Formulations and CEO Jay Cohen Featured in the South Florida Business Journal

The South Florida Business Journal recently spotlighted IQ Formulations and CEO Jay Cohen with an article about IQ Formulations’ amazing business success, as well as its recognition as a DREAM BIG Blue Ribbon Award winner by the U.S. Chamber of Commerce. In his interview with SFBJ reporter Emon Reiser, IQ Formulations CEO Jay Cohen also shared his plans to expand the company’s product line and nearly double its facilities and workforce by the end of 2016.

You can read the full article below:



Tamarac Company That Won U.S. Chamber Award Plans to Double Staff

By Emon Reiser 

South Florida Business Journal

IQ Formulations was the only South Florida business named among the U.S. Chamber of Commerce’s Blue Ribbon Small Business Award winners, out of 100 companies across the country. But the award won’t be the only achievement the Tamarac-based company can tout this year.

CEO Jay Cohen told the Business Journal that his company, which manufactures nutritional supplements, will nearly double its workforce and square footage by the end of 2016.

“We went from a makeshift laboratory in my kitchen — now we’re in a 40,000-square-foot facility,” Cohen said. IQ Formulations is now in negotiations for a second 40,000-square-foot facility also in Tamarac that will create more space for its rapidly growing workforce, he added.

IQ Formulations launched with just two employees in 2010 and has grown to 47 workers. Once the company’s new space opens, Cohen expects to soon have a total of 80 employees. IQ’s workforce isn’t the only thing that’s grown: in its first year, the manufacturer commanded $120,000 in revenue. This year, it’s expected to break $25 million, Cohen said.

The family-owned firm’s explosive growth was just one of the factors the U.S. Chamber of Commerce evaluated for its award. The winners were judged on four categories: strategic planning, employee development, customer service and community involvement.

“We’re extremely honored to be recognized,” Cohen said. “I feel especially proud that it’s not just based on the financial gain of the company, but also what we do behind the scenes.”

IQ Formulations’ workforce is very diverse, Cohen said, with about 80 percent of its employees representing minority communities. They are paid about 20 to 30 percent above Broward County’s average rate for the positions they employ, which include customer service, sales and graphic artistry, he added.

As for strategy, IQ Formulations is in the process of securing certifications for selling its products overseas. Currently, the company’s supplements are sold through 9,000 different retailers nationally, excluding websites. IQ Formulations sells its supplements in Vitamin Shop and Cohen says his company is in talks with GNC and Bodybuilding.com.

Next, the company plans to break into the grab-and-go business including protein bars.

With its latest win from the chamber, IQ Formulations has been entered into the Dream Big Small Business of the Year Award, which offers a $10,000 cash prize. The national award will be announced June 13-15 in Washington D.C.

“The best is yet to come,” Cohen said. “We have a lot of great things happening now.”

Emon Reiser covers retail, restaurants, tourism and hospitality. Get the latest retail news with our free daily newsletter.