Aug. 7, 2013 (Greenfield, IN) - Bastian Automation Engineering has been recognized as one of the 2013 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corporation, its Small Business Development Center, and the Edward Lowe Foundation.
“We are honored to make this year’s list of Indiana Companies to Watch,” said Jason Effing, general manager at Bastian Automation Engineering. “We continue to grow and look forward to creating more jobs and revenue to help stimulate our local economy.”
Thirty-three companies from Indiana including Bastian Automation Engineering will be honored as outstanding second-stage companies during the fifth annual Indiana Companies to Watch awards program, held on August 22 in Indianapolis.
Companies to Watch is an awards program that celebrates Indiana’s privately-held second-stage companies, those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.
Bastian Automation Engineering, located in Greenfield, Ind., designs and fabricates custom automation equipment for manufacturing and distribution facilities throughout the world. Since 2003, the company has served a variety of clients across multiple vertical industries, including aerospace, automotive, pharmaceutical, and consumer goods. Bastian Automation Engineering is part of the Bastian Solutions family of companies, which also includes Bastian Software Solutions and Bastian Robotics.
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For more information, contact Stefanie Hardy, assistant marketing manager, at 317-575-9992 ext. 670 or shardy@bastiansolutions.com.
About Bastian Solutions
Bastian Solutions, headquartered in Indianapolis, Indiana, USA, is an independent material handling system integrator with clients and offices around the world. Founded in 1952, Bastian Solutions has established itself as an innovator in the field of material handling automation, supply chain software, industrial controls, and robotics. The company includes 15 domestic offices as well as 7 international offices in Canada, India, Brazil, Saudi Arabia, Australia, Mexico, and Qatar.
About Indiana Companies to Watch
Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.
This year the program attracted 308 nominees and applicants. From that pool, 91 finalists were selected, and 33 companies emerged to become the 2013 class of Indiana Companies to Watch.
This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana’s economy is tangible. In 2010 Indiana’s resident companies accounted for nearly 34,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies represented an average of more than 866,000 workers that year.
Looking at the contributions of these companies from a different perspective, in 2010 only 8.6 percent of Indiana’s resident establishments were in the second-stage category, however, they accounted for 37 percent of jobs in the state.
This program would not be possible without the generous support of Barnes & Thornburg LLP as well as Katz, Sapper & Miller, KeyBank, and Purdue University. The program is also supported by Ivy Tech Corporate College and media sponsors BizVoice magazine, Inside Indiana Business and Northwest Indiana Business Quarterly.
About the program presenters
The state of Indiana’s lead economic development agency, the Indiana Economic Development Corporation oversees Indiana’s statewide business attraction and development efforts, coordinates state programs, and incentives for companies looking to grow in Indiana, and provides assistance and funding to Indiana entrepreneurs and high-tech start-ups.
The Indiana Small Business Development Center Network (ISBDC) creates a positive and measurable impact on the formation, growth, and sustainability of Indiana’s small businesses by providing entrepreneurs expert guidance and a comprehensive network of resources. Funding comes from government, organizations, and businesses, committed to growing Indiana and local economies. Statewide funders include The Small Business Administration and the Indiana Economic Development Corporation. To learn more about the ISBDC and to become a client visit isbdc.org
The Edward Lowe Foundation inspired the creation of the Companies to Watch program to celebrate second-stage entrepreneurs and their companies. Established in 1985, the Edward Lowe Foundation is a Michigan-based nonprofit organization that supports entrepreneurship through recognition, education and research with a focus on second-stage companies—those that have moved beyond the startup phase and seek significant, steady growth. The foundation also encourages economic gardening, an entrepreneur-centered strategy providing balance to the traditional approach of business recruitment.