3/26/24 (Port Huron, Michigan)— Edison Manufacturing and Engineering, Inc. has been recognized as one of the 2024 awardees for the Michigan 50 Companies to Watch Award, presented by Michigan Celebrates Small Business. Edison will be acknowledged on-stage at the awards ceremony during the 20th annual Michigan Celebrates Small Business Gala on May 21, 2024.
The event will gather over 800 guests at the Breslin Center in East Lansing, Michigan to celebrate the achievements of this year’s award recipients.
“As we celebrate our 20th Anniversary of MCSB, we’re reminded of the incredible resilience and innovation within Michigan's small business sector. This year's winners demonstrate the collective entrepreneurial spirit that drives our state's economy forward,” said Jennifer Deamud, MCSB Board Chair. “Congratulations to this year’s awardees. To all the winners, your dedication and leadership inspire us all, proving that success truly is best when shared.”
The 2024 Michigan 50 Companies to Watch have made a substantial collective economic impact, responsible for $414.3 million in total annual revenue during 2023, and projected to increase their revenue by 18% in 2024. Together they provide 1,577 full-time equivalent employees, 1,565 within the state of Michigan, and are projected to create over 339 new jobs in 2024.
Companies nominated for the Michigan 50 Companies to Watch Award must be second-stage companies, defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. Additionally, the companies must be privately held and headquartered in Michigan.
Judges from economic and entrepreneurship development organizations across the state annually select the winners. The judges evaluate the applicants’ demonstration of intent and capacity to grow based on the following:
- Employee or sales growth
- Exceptional entrepreneurial leadership
- Sustainable competitive advantage
- Other notable factors that showcase the company's success
Michigan Celebrates received over 500 nominations for the 2024 Michigan 50 Companies to Watch award. In addition to a competitive landscape for this award, the businesses who are selected by the judges go through a rigorous due diligence process prior to the final decision.
Additional information and ticket information can be found at MichiganCelebrates.org.
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Edison is a contract manufacturing partner, specializing in flexible, reliable, and capital efficient assembly of complex mobility and energy products that don’t neatly fit within traditional high-volume production. This includes new technology – such as electrification, automation, and hydrogen-powered systems – as well as legacy products. Edison provides a product- and customer-centric solution that has been proven for low and niche volume builds. Their core expertise lies in production execution, manufacturing engineering, and supply chain management; and they work with established partners to provide a turn-key solution, spanning the full product development cycle.
Michigan Celebrates Small Business (MCSB) is a collaboration of trusted statewide founding organizations who offer resources for small businesses. Since 2005, Michigan Celebrates Small Business awards gala has placed a spotlight on how small businesses positively impact our communities and state. The MCSB organization is focused on supporting, promoting and celebrating small businesses in Michigan.
Kinexus Group is the Managing Partner of the Awards Gala.
Tickets can be purchased online for this year’s gala at www.MichiganCelebrates.org/Tickets.
