Three Colorado Springs-based firms were named to the state’s 2009 list of “Fifty Colorado Companies to Watch.”
The standouts included Braxton Technologies, Inc., a command and control company that provides GPS signal to satellites for military and commercial use; Elope, a costume accessory designer and manufacturer; and Combat Training Systems, which makes explosive device simulators and battlefield special effects for live military training and hands-on situational exercises used by law enforcement and security applications.
The nationwide program, developed during 1985 by the Edward Lowe Foundation to promote entrepreneurship, was organized by the Colorado Office of Economic Development and International Trade with the help of economic development councils throughout the state.
Pointing to the list of 50 successful companies, Gov. Bill Ritter said that “Even in this downturn, we’re still a state that relies very heavily on small business development as an economic driver. We’re a state with a great entrepreneurial spirit.”
The 50 top companies generated nearly $1.3 billion in revenue between 2004 and 2008 and added 1,400 employees. That’s about a 200-percent increase in revenue and a 163-percent increase in jobs.
This year, the companies expect to grow revenue by 44 percent and their work forces by 18 percent.
All 50 companies will be honored during a 6 p.m. dinner ceremony on Thursday, June 25 at the Denver Center for Performing Arts. Click here to register.