Tag Archives: South Florida Business Journal

IQ Formulations Ranked Among Florida’s Fastest-Growing Private Companies

IQFormulations / October 03rd 2016 / No Comments

Tamarac, FL (PRWEB) October 03, 2016 — IQ Formulations has been announced as one of the fastest-growing private companies in the entire state of Florida by the South Florida Business Journal. The Tamarac-based health and nutritional supplement manufacturer was recently named to No. 68 on the publication’s prestigious Fast 100 list.

IQ Formulations was recognized for its outstanding performance along with other top-performing businesses throughout the Sunshine State. Since its inception in 2010, IQ Formulations has grown exponentially, increasing its revenues from $124,000 in its first year of operation to more than $16 million in 2015. The company has also created dozens of high-quality local jobs over the past six years.

The South Florida Business Journal also honored IQ Formulations last month as one of the 50 fastest-growing companies in South Florida’s tri-county area at its Fast 50 Awards. The nutraceutical company has also been continuously included on Inc. Magazine’s renowned Inc. 5000 list of the fastest-growing privately held companies in the nation for the last three years.

“All of us at IQ Formulations are extremely honored and humbled to be named to the Fast 100 list by the South Florida Business Journal,” said Jay Cohen, IQ Formulations CEO. “It has taken a lot of hard work and dedication to get to where we are today, and we are thrilled to be recognized as one of the leading businesses in the state of Florida.”

To learn more about IQ Formulations, its products and business achievements, visit http://www.iqformulations.com.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly 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 Ranked Region’s Eighth Fastest Growing Company

IQFormulations / August 22nd 2016 / No Comments

We are excited to report that the South Florida Business Journal ranked IQ Formulations No. 8 on its Fast 50 list of the fastest growing private companies in the region. IQ Formulations and fellow regional leaders were honored August 18 at the publication’s special award ceremony at Hyatt Regency Pier 66 in Ft. Lauderdale.

This latest recognition comes on the heels of IQ Formulations’ recent inclusion into the Inc. 5000 list of the nation’s fastest growing companies. This is the third consecutive year that the top health supplement manufacturer has been named to Inc. Magazine’s prestigious list.

To learn more about IQ Formulations latest recognition, check out our recent press release here.

IQ Formulations Ranked Eighth Fastest Growing Company in South Florida

IQFormulations / August 19th 2016 / No Comments

Tamarac, FL (PRWEB) August 19, 2016 – Tamarac’s IQ Formulations was named among the fastest growing private companies in South Florida last night at the South Florida Business Journal’s Fast 50 Awards. The top health supplement provider ranked No. 8 out of all regional companies with revenues under $25 million.

IQ Formulations was honored for its growth along with fellow regional leaders at the publication’s countdown-style event yesterday evening at the Hyatt Regency Pier 66 in Fort Lauderdale.

Just two days ago, IQ Formulations was also named to the prestigious Inc. 5000 list of the nation’s fastest growing private companies for the third consecutive year. It was previously honored by the South Florida Business Journal as the Business of the Year in its size category in April 2016.

Founded in 2010, the company has experienced tremendous growth since its inception, growing from $124k in 2010 to over $16 million in 2015, with the number of employees also increasing more than 20 times over.

“It is a great honor to be named to the Fast 50 list of the most rapidly growing private companies in the region,” said Jay Cohen, IQ Formulations CEO. “I would like to thank the South Florida Business Journal for recognizing our accomplishments, as well as my incredible staff, without whom our growth and success would not have been possible.”

For more information regarding IQ Formulations remarkable growth and the list of additional business awards the company has received, visit http://www.iqformulations.com.

About IQ Formulations

IQ Formulations Announced as Finalist for 2016 Business of the Year and South Florida Good to Great Awards

IQFormulations / April 20th 2016 / No Comments

IQ Formulations Announced as Finalist for 2016 Business of the Year and South Florida Good to Great Awards

Tamarac, FL, April 20, 2016 (GLOBE NEWSWIRE) — IQ Formulations, a Tamarac-based nutritional supplement company, was recently announced as a finalist in two highly respected area business awards: the 2016 Business of the Year Awards by the South Florida Business Journal and the South Florida Good to Great Awards by the Greater Miami Chamber of Commerce.

The South Florida Business Journal named IQ Formulations as one of just three finalists in its size category in the publication’s highly regarded Business of the Year Awards. For almost two decades, the Business Journal’s annual awards have honored the region’s top companies which set standards of excellence in their industries and build the South Florida economy through solid business practices, dedication to the community and financial growth. IQ Formulations and CEO Jay Cohen will be officially honored at an upcoming awards program at the Intercontinental Hotel in Miami on April 21, where the winners will be announced.

As a finalist for the 2016 South Florida Good to Great Awards, IQ Formulations was again one of just three companies in its category selected by the Greater Miami Chamber’s esteemed panel of judges from the business schools of Florida International University, Barry University, and Johnson & Wales University. These awards honor businesses throughout the tri-county region that have shown a pattern of transitioning from solid performance to great performance over a four-year period while demonstrating proven leadership and a solid workforce base. After being honored as a finalist at a special reception on April 7, the award winners will be named on April 28 during the South Florida Good to Great Awards Luncheon at the Rusty Pelican in Key Biscayne.

“This is an incredible honor for all of us at IQ Formulations to be distinguished as one of the top companies in South Florida by both the Miami Chamber of Commerce and the South Florida Business Journal,” said Jay Cohen, IQ Formulations CEO. “Since the inception of IQ Formulations, we have remained firmly committed to leading the health supplement industry by example, and every day, we continue to advance the field, the economy and the local community. These latest recognitions serve as a testament to those goals and we are extremely grateful to everyone who made this possible.”

In addition to these latest achievements, IQ Formulations was recognized as a 2016 DREAM BIG Blue Ribbon Small Business Award winner by the U.S. Chamber of Commerce, a gold first-place winner in North America’s 2015 Best in Biz Awards, and was named as one of Florida’s Companies to Watch in 2015 by GrowFL, the state’s economic development group. IQ Formulations was also named to the Inc. 5000 list of the nation’s fastest growing private companies for the past two years in a row.

About IQ Formulations

IQ Formulations Announced as Finalist in SFBJ Business of the Year Awards

IQFormulations / March 21st 2016 / No Comments

Leading health and nutritional supplement manufacturer IQ Formulations today was named a finalist in the South Florida Business Journal’s Business of the Year Awards.

The company and its CEO Jay Cohen will be officially honored at an upcoming event on April 21, where the award winners will be announced.

For almost two decades, the annual Business of the Year Awards by the South Florida Business Journal have recognized top South Florida companies for their financial performance, outstanding business practices, and dedication to the local community.

For more information about the Business of the Year Awards and a full list of this year’s finalists, visit the official award page at:

http://www.bizjournals.com/southflorida/event/136432#information

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

IQFormulations / March 07th 2016 / No Comments

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 12^th 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

IQFormulations / February 24th 2016 / No Comments

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:

http://www.bizjournals.com/southflorida/news/2016/02/19/tamarac-company-that-won-u-s-chamber-award-plans.html

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.