Red Banyan Group client IQ Formulations, which was recently named to Inc. Magazine’s 50 fastest growing private companies in the nation, announced this week that it will be relocating and expanding its company headquarters.
The South Florida based company plans to move into a new, larger, state-of-the-art facility in Tamarac by the end of the year to help accommodate its growing workforce and increased consumer demand for its industry-leading products.
Check out the full story in the press release linked here and included below:
IQ Formulations Begins Headquarters Expansion After Working with South Florida’s Stonegate Bank and Total Real Estate Consultants, Inc.
Sunrise, FL (PRWEB) September 03, 2014
Sunrise-based health supplement manufacturer IQ Formulations today announced that it has begun the process of relocating and expanding its operations after working with Total Real Estate Consultants, Inc. and securing a loan from South Florida’s Stonegate Bank. IQ Formulations was named last week to Inc. Magazine’s 500 fastest growing companies in the nation after posting an astonishing 5,486 percent growth rate since 2010. The company will soon move its operations to Tamarac, where it is beginning the process of building out a state-of-the-art manufacturing and processing facility that can accommodate a surge in production and a growing workforce.
“As a born and raised Floridian, it was very important to me to partner with a bank and realtor right here in our own community,” said IQ Formulations CEO Jay Cohen. “Stonegate Bank’s Eric Servaites and Total Real Estate Consultants’ Joe Pelayo did a great job making the process easy. Their assistance has helped immeasurably with the expansion that is underway, and we look forward to their continued assistance as we grow and create additional jobs in South Florida.”
Work has already commenced on IQ Formulations’ new high-tech facility and the company hopes to move in by the end of the year. The upgraded location will include enhanced production capabilities, and will be home to the company’s recently expanded Quality Control and Assurance Department.
IQ Formulations has expanded rapidly over the past few years, generating dozens of new jobs. The company was named by Inc. Magazine as the 50th fastest growing private company in the United States. CEO Jay Cohen looks forward to forming additional local partnerships as IQ Formulations continues on an incredible growth trajectory from its home in South Florida.
In addition to its economic commitment to area, IQ Formulations is also deeply involved in various community and charitable initiatives. IQ Formulations sponsors an annual toy drive benefiting the families at nearby Miami Children’s Hospital, and also gives to a variety of fundraisers and advocacy organizations.
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 Jay Cohen and headquartered in Sunrise, Florida, IQ Formulations has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service.