Leading health and nutritional supplement manufacturer IQ Formulations was named 2016 Business of the Year by the South Florida Business Journal yesterday. IQ Formulations’ award was announced last night at a formal ceremony at the Intercontinental Hotel in Miami where all finalists were honored.

For almost two decades, the Business of the Year Awards have recognized the region’s top-preforming companies that propel South Florida’s economy through financial growth, exemplary business practices and involvement in the local community.

Having experienced an incredible growth in recent years, IQ Formulations was distinguished as the top medium-sized business in all of South Florida. Thanks to the business innovations and an uncompromising commitment to quality introduced by its visionary CEO Jay Cohen, IQ Formulations has quickly established its reputation as an industry leader. Over the last five years, the dynamic company has grown by more than 12,976%, achieving over $16 million in 2015 revenue. Today, IQ Formulations employs dozens of Floridians at its state-of-the-art 40,000-square-foot facility in Tamarac.

In addition to being a 2016 Business of the Year, IQ Formulations is also currently a finalist in the 2016 South Florida Good to Great Awards by the Greater Miami Chamber of Commerce, and the company was recently honored with the 2016 DREAM BIG Blue Ribbon Small Business Award from the U.S. Chamber of Commerce.

IQ Formulations’ amazing business success has also earned it a gold first-place honor in North America’s 2015 Best in Biz Awards, and recognition as one of Florida’s Companies to Watch in 2015 by GrowFL, the state’s economic development group. For the past two years, IQ Formulations has also been named to the Inc. 5000 list of the fastest growing private companies in the United States.

Red Banyan Group congratulates its client IQ Formulations on these incredible achievements. We are proud to work with such an amazing company and be able to help share its inspiring story with the world.

To learn more about IQ Formulations, visit: http://www.iqformulations.com

To learn more about yesterday’s awards program, visit: