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to view results - Moore Research Services
The Commonwealth Institute South Florida’s 2014 Women-Led Business Survey Results Research Report Sponsored By: Knowing which path to take can be a bit ...WE MAKE IT CLEAR. Looking for information to guide your company’s future? Moore Research can help you… in in • • • • • Focus Groups Online & Web-Based Research New Product & Service Testing Mobile Marketing Research Package Testing • • • • • Understand your customers Find targeted solutions Make confident and reliable business decisions Advertising Research Industry Trends Analysis Brand Awareness Customer/Employee Satisfaction Price Sensitivity • • • • • Market Feasibility Positioning Research Website Usability Testing Competitive Intelligence Exploratory Research Moore Research Services, Inc. A global market and opinion research company • moore-research.com • 877-88-MOORE METHODOLOGY AND SAMPLE Other 9% Industry ClassificaUon Retail 2% and successes experienced by women The goal of the survey was to capture challenges leaders. Email invitations were Education 2% Service sent to individuals selected by survey partners’ internal lists of providers, members and member affiliates. In addition, the14% I.T. 4% Engineering/ConstrucUon surveyLegal was sent to women’s organizations and Florida as well as posted on social11% media. 4%chambers of commerce throughoutConsulUng 9% Recipients were also invited to forward the invitation to other women leaders. As an incentive, respondents were offered a Wholesale/Distribution 5% Not-‐for-‐profit 8% AdverUsing/MarkeUng 7% complimentary copy of the 2014 research results. Manufacturing 6% From these invitations, a total of 241 usable responses were obtained. Healthcare 7% Financial 6% Real E state 6% Real state 6% Listings of Ethe Top 50 Women-Led For-Profit Organizations and the Top 10 Women-Led Not-For-Profit Organizations in Financial 6% Healthcare 7% Florida are included in this report. The lists, ranked by 2013 revenues, are comprised of companies in which Manufacturing 6% a woman is the Advertising/Marketing 7% Wholesale/DistribuUon 5% organization’s chairwoman of the board, CEO/president, owner and/or senior level executive. Only companies for which Not-‐for-‐profit 8% Legal 4% revenues were reported in the survey are included in the overall ranking. The respondents represent numerous industries Consulting 9% I.T. 4% and size of companies as illustrated in the following graphs. Engineering/Construction 11% EducaUon 2% Service 14% Retail 2% Other 9% 100% Industry Industry Classification ClassificaUon Service 14% 11% Engineering/ConstrucUon Under $ConsulUng 500,000 35% 9% $500,000 to $2,000,000 8% 24% Not-‐for-‐profit 7% 17% AdverUsing/MarkeUng $2,000,001 to $4,000,000 7% 5% Healthcare $4,000,001 to $6,000,000 6% Real Estate $6,000,0001 to $8,000,000 4% 6% Financial $8,000,001 to $10,000,000 3% 6% Manufacturing Over $10,000,000 12% 5% Wholesale/DistribuUon 4% Legal 4% I.T. 2% EducaUon 2% Retail Other 9% Revenue Revenue Categories Categories 12% Over $10,000,000 $8,000,001 to $10,000,000 $6,000,0001 to $8,000,000 $4,000,001 to $6,000,000 $2,000,001 to $4,000,000 $500,000 to $2,000,000 Under $500,000 3% 4% 5% 17% 24% 35% 1 EXECUTIVE SUMMARY For the third year, The Commonwealth Institute South Florida (TCI) and Moore Research Services, Inc. have partnered to survey women-led organizations in Florida with this year’s sponsor being CBRE. The survey is used to obtain information and insights to better understand how these organizations are faring compared to a year ago, what business challenges they are facing, and their outlook for the next 12 months. BUSINESS & ECONOMIC CONDITIONS • 2013 was a good year for women-led organizations in Florida. They are optimistic about economic conditions, with many expecting continued improvement through 2014; over three-quarters of women leaders look for significant growth in their organizations. LEADERSHIP 2 • Women spend time mentoring other women, but most report that this is something they do on their own, outside of any formal organizational program. Connecting to a professional women’s organization and having a mentor both remain important, but less so than 24 months ago. • Approximately 60% of Florida women leaders serve on a board of directors. However, there is a large gap between serving on a for-profit board and serving on a non-profit board. Research suggests when a business owner is involved on a corporate board, it directly impacts their company’s bottom line. They network and learn new business skills by volunteering outside their normal sphere of influence. About a quarter would like to serve on a board but have not had the opportunity. In addition, most (80%) who are currently serving on a board are doing so because they were asked, rather than actively seeking the opportunity for themselves. CHALLENGES & TRENDS • Women-led organizations continue to show concern about being able to find ways to continually grow their business as well as their cash flow. In addition, their ability to hire employees with the proper fit for their organization remains challenging. • In 2014, leaders are exploring new opportunities for growth, focusing on entry into new markets as well as considering new product lines/services and technology innovation. A large majority will also concentrate on existing business lines and expansion of current markets. • The impact of the Affordable Care Act is expected to have a significant effect on leader’s employment strategy in 2014 and beyond, even those with less than 50 employees. CURRENT & PROJECTED BUSINESS & ECONOMIC CONDITIONS 2013 was a year of growth for Florida women 2011 2012 reported 2013 leaders; 50% of businesses growth, up0% from 45% in 2012 and 42% in 2011. 0% 0%Of those (33%) 14% reporting higher 13%revenues, most 10% experienced increases over 20%, while 30% 16% 14% 13% experienced increases between 11-20% and 28% 28% 27% 37% in the range of 1-10%. Revenue from previous year 2011-2013 Revenue from previous year 2011-‐2013 Grow substanBally 28% 31% 30% 14% 14% are feeling20% Women-led organizations 100% 1 considerable optimism1regarding the current Decrease substanBally Not sure 20% Decrease substanBally Not sure 1% 3% 3% 2% 1% 2% 13% 14% 16% 10% 13% 14% Decrease moderately 2014 2013 2012 0% 0% 0% 2013 2012 2011 Looking forward to 2014, there is a trend of increased confidence; almost 78% of respondents look for modest or substantial growth in their organizations, up from 70% in 2013 and 67% in 2012. Revenue expectations for 2012-2014 9% 8% 30% 31% 28% 27% 28% 28% Stay about the same 2012 Revenue 2013 2014for 2012-‐ 2014 expectaBons 2% 1% 2% 24% 16% Grow 3% substanBally 3% 1% 8% 9% 3%20% 20% 16% Grow moderately 17% 47% 54% 54% 16% 20% 16% 24% 17% Stay 100% about the same 100% 100% 3% 20% Grow moderately business and economic conditions in Florida. This builds on the last two year’s favorable results, and reverses the previous downward trend of growth noted between 2008 and 2011. Their outlook has improved 15% from just one year ago, with well more than half (68%) responding they think conditions have improved. When looking forward 12 months, 61% expect improvement with an economic recovery or rapid growth. Decrease moderately 14% 14% 47% 54% 54% Although there is much confidence in current conditions there are some who are less optimistic, projecting no growth, but this is not widespread and trending downward. Only 16% project flat revenue and those projecting a moderate or substantial decrease in revenue is only 4%, down considerably from 11% in 2012 and 2013. This caution is reinforced in their outlook for 2014, as 34% state they believe the economy will remain at the status quo. 3 BIGGEST CHALLENGES IDENTIFIED FOR 2014 HIRI EXPA NDIN NRGNMENT FEES G S R E TOM S E G LENSALES CUS CY GRO Q FIED UALI STAF EXPE F LO W CARSEGHULATIONS L A H C WTH S TA XE POLI Not surprisingly, many mentioned taxes and regulatory compliance costs as barriers to expanding their business; concern over government, policy and tax issues filled out the top rankings. Organizations also indicated that they find hiring to keep up with demand and hiring qualified staffing as a challenge. This is also found elsewhere in the survey, where many point to hiring talent that aligns with the organization’s culture as an on-going difficultly. GOVE While women-led organizations are more optimistic about business and economic conditions in Florida than they were 12 to 24 months ago, there remains significant concern about being able to find ways to grow their business and cash flow. These are the top challenges indicated by leaders, followed by a corresponding concern with gaining and maintaining customers and keeping up with demand. NSES F “Growing and hiring in a still somewhat uncertain economy - the fear of the unknown (fueled by the recent downturn) can be paralyzing at times. Growth and hiring is essential; however, keeping growth in check when demand is great is difficult.” CONSIDERING NEW OPPORTUNITIES In terms of major areas of concentration,2012 leaders are2013 feeling 2014 Construction of new locations 6% 7% 10% confident and will focus on Acquisition of new business 18% 12% 14% entering into new markets19% as well 21% Technology innovation24% Internal estructuring 24% 23% as rconsidering new product lines/ 22% New product lines/services 34% 36% 39% services and technology innovation. Entry into new markets49% 38% 43% 67% oalso indicate they will63% Expansion f existing m67% arkets 61% Growth in existing products/services concentrate on58% expanding64% existing 67% business lines, up from 58% in the 2012 survey. To finance these areas of concentration, by far most are planning on using internally generated funds (63%) over the second choice of borrowing from a financial institution (10%). 4 Leaders will focus on several strategies to enhance their profitability and deal with the challenges they face as they are predicting an upward trend of new possibilities. The top two strategies are extremely close, with market demand/growth ranked in the lead followed by networking (50% and 49% respectively). At 40%, diversifying services rounds out the top three. Areas of ConcentraMon AREAS OF CONCENTRATION 67% 64% Growth in exisMng products/services 58% 61% 63% 67% Expansion of exisMng markets 43% 38% Entry into new markets 39% 36% 34% New product lines/services Internal restructuring Technology innovaMon AcquisiMon of new business ConstrucMon of new locaMons 22% 23% 24% 21% 19% 24% 14% 12% 18% 10% 7% 6% 49% 2014 2013 2012 JUGGLING RISK WITH CAUTION When looking at taking a risk in 2014, responses were varied and mixed. Personnel/organizational structure and finances were the two top areas indicated for risk taking, with a risk-adverse “none/not sure” coming in third. Rounding out the top four responses, many predict they will take risks involving expansion and creating/developing new markets. When looking at taking a risk in their business, many identified organizational changes related to: • Hiring new talent • Increasing training • Restructuring roles “I will purchase and introduce many new product lines. My hope is that these product lines will increase business, however there is always a financial risk.” They also emphasized the importance of hiring employees that offer additional expertise. Those mentioning financial security as a risk talked about increased pricing, minimizing expenses and/or obtaining financing or investors. There is not one prominent financial risk option noted, rather they are varied, with a mix of loans, use of equity lines, obtaining a private equity investor and investing capital to develop new products as options listed. Over half (55%) of leaders are expecting to moderately or substantially increase their workforce in 2014. This is up from 43% in 2013 and demonstrates another source of significant optimism for the year ahead. “We are planning to expand to new locations. This would be a major risk because we need to make sure that we choose the right location, the right personnel, implement the operations to mirror the main office.” 5 LOOMING CONCERNS Cash flow and adverse economic conditions remain on top of the list of concerns for women leaders in 2014, setting a pattern of three years in a row. The concern over adverse economic conditions is down 8% since last year. Rounding out the top concerns are: existing U.S. competition, government regulation, and difficulty in responding to evolving customer needs. In addition, difficulty in hiring and recruiting employees who fit in the company culture was also ranked as a significant concern. For three consecutive years, when asked what business issue keeps them up at night, growing and maintaining profitability as well as keeping customers happy were the top causes for restless nights. 4 % % % % % % % % % % % % % % AREAS OF CONCERN 38% 36% Cash flow 36% Adverse economic condiUons ExisUng U.S. compeUUon Difficulty in finding employees who fit culture Difficulty in responding to customer needs Governmental regulaUon Health care costs TaxaUon Rising supplier costs Difficulty in hiring ImplementaUon of health care law (new 2013) Management issues PoliUcal gridlock Ability to obtain financing 6 21% 15% 12% 12% 20% 27% 31% 25% 19% 17% 23% 18% 16% 21% 22% 15% 24% 16% 11% 13% 13% 11% 2013 2012 8% 9% 10% 12% 9% 8% 11% 7% 9% 8% 5% 13% 2014 17% 46% 44% 46% HEALTH BENEFITS AND THE AFFORDABLE CARE ACT In general, there is continued uncertainty and confusion surrounding the Affordable Care Act (ACA) and its implementation. Changes and delays are adding to this uncertainty, so it is not surprising to have some seemingly conflicting responses to the questions regarding the ACA and healthcare. The top two responses regarding the ACA were close but divergent. 43% stated they do not expect the ACA to impact their business while the next highest response at 39% indicated they expect to experience increased costs. When looking further at the data, however, of the 43% not expecting any impact, 92% are businesses that by definition are not covered by the Act as they have 50 or fewer employees. What is interesting is that many of these same businesses with less than 50 employees indicate that they will experience some negative impact in various areas stemming from the ACA. The ability to add new employees, inability to keep current staffing levels, investing in the business, and even dropping health care for employees are among their concerns. Main concerns regarding the impact of the ACA when looking at those companies with more than 50 employees: • Inability to keep current employee levels • Drop in full-time employees • Cost increases Overall, of those responding, 41% currently do not offer health care and by default would not expect to experience any impact. FINDING BALANCE There is heightened discussion around the issue of “work-life balance” with wellrespected women leaders weighing in from different perspectives. Some support the statement that it is possible for women to achieve a balance between work and their personal lives while others object to the concept that women can have it all, and the remaining are somewhere in the middle. This year’s survey reflects this push-pull dialogue with just over half of women leaders (51%) stating they are satisfied with their time split between work and their personal lives, and 42% stating they are spending more time on their business than they would prefer. Clearly, women continue to strive towards finding balance in their work and private life. It is not always easy, as women leaders continue to report taking on additional job responsibilities including marketing, sales, project management and human resources in an effort to manage their business and control expenses. 7 WOMEN’S LEADERSHIP connection to a women's professional network 2012 2013 2014 17% There are no 24% 22% big changes in the 13% opinions expressed 13% around 12% women’s ortant 30% leadership 35% 36% from 2013. Overall, women40% led organizations 28% believe that 30% having a a women’s professional 1 connection to 1 1 mentors 2012 5% 3% ortant 33% 59% 1 network is important, 66%, which is up slightly from 63% last year. Complementing this trend,2013 the majority of women 2014 view having a mentor as being important to 16% 21% their organization, currently at 76% of 5% 3% respondents. This is a significant drop from 31% 30% 92% in 2012, but only down slightly from 48% 46% 79% in 2013. 1 Importance of a connection to a women’s professional network 12% 13% 13% Not important 92 2012 2014 2013 22% 24% 17% No connecCon 1 22% 24% 17% 2012 Importance of mentors 46% 48% Very important 30% 31% 33% Somewhat important Not important No connecCon 3% 5% 3% 5% 2014 21% 16% 2013 2012 RECOGNIZING WOMEN’S CONTRIBUTIONS Women-led organizations remain divided on whether they believe that business and community leaders recognize their contribution to the economic health of Florida. Most state they do not feel properly recognized and included specific suggestions on improving this impression, such as creating awareness of women-led businesses through more awards, women being appointed to higher-profile positions in the community and on corporate boards, and an increase in overall media coverage. An overwhelming number of women-led organizations have been philanthropic and/or given back to their community. Over three-quarters (78%) have financially supported a charity/charities, 46% allow their employees to volunteer during working hours and 36% have held collection drives for charities. Aligning with their corporate mission, leadership within the community as well as personal/ employee fulfillment are the main reasons for donating and giving back. 8 40% 36% 35% 30% Somewhat important When asked about developing women leaders in their organization, the majority (78%) report spending time developing other women in their organization, yet only 30% 15% indicate they have a formal program Very important 28% in place to do so. Women-led organizations 40% are closely split on whether they would 36% 21% have an interest in a program for grooming 35% Somewhat important 3% 30% emerging women leaders, with 55% stating 30% they would and 45% indicating 12% no interest. 2014 46% Not important 13% 2013 13% No connecCon 30% 28% Very important “More events, more opportunities and more women in high level positions helping other women owned businesses.” 59% INTELLECTUAL PROPERTY For the past two years, women-led organizations remain consistent regarding whether owning intellectual property (IP) is an asset for their business. This year, slightly more (45%) responded they find it important, versus 36% who do not. When asked why they hold that view, many who said it was not important stated their business is their intellectual property or they are service providers and thus have no need to own intellectual property. For those who own or plan to own IP, they viewed it as good for the future of the business, creates protection for services and products, and can aid in attempts to diversify revenue. While the National Women’s Business Council views owning intellectual property as an indicator of strong entrepreneurial activity, there seems to be confusion regarding what intellectual property is and what role it might play in organizations’ competitiveness. However, many state it is good for the future of their business and either currently own intellectual property or have pending intellectual property. GETTING ON BOARD According to the Alliance Board for Diversity’s recent report, “Missing Pieces: Women and Minorities on Fortune 500 Boards,” men hold a bulk of the board seats at American companies, with women representing just 17% of board seats, a percentage that hasn’t changed since 2004. The 2013 Catalyst Census: Fortune 500 Women Board Directors confirms the same percentage, announcing that while companies based in other countries are moving ahead with plans to advance women to top leadership, progress in the Fortune 500 remains flat. Research suggests that involvement on corporate boards directly impacts the bottom line for companies. According to the Credit Suisse Research Institute, companies with women on their boards outperformed companies with no women on their board by an average of 26%. Raising women’s profile by raising a company’s profitability and performance goes a long way in establishing the important role of women business leaders. Currently, 54% of Florida women leaders serve on a non-profit board of directors while 8% serve on a for-profit board. This significant disparity between serving on a non-profit and corporate board reflects the lack of gender diversity at the Fortune 500 companies. Serving on corporate boards often differs in significant ways from being on a non-profit board. For-profit boards may be compensated and be closely involved in important decisions regarding disbursement of profits and financial resources, including stock equity and dividends. While serving on a non-profit board is an important way to increase a woman leader’s profile and network in the community, for-profit board service is viewed differently in the private sector and may be a tool to increase credibility in the business community. About a quarter, 23%, would like to serve on a board but have not had the opportunity and 35% have encouraged other women to get on boards. Further, of those who serve on a board, 80% were asked to serve instead of volunteering themselves. In light of the lack of women on for-profit boards, it may be more difficult to break into this arena but the opportunity to increase gender diversity is high. 9 FEATURED LEADERS Anne Deli, Chief Marketing Officer, American Road Group Anne Deli has metamorphosed from Advertising Executive in New York City to Chief Marketing Officer of one of the worlds most recognized brands to a successful business entrepreneur. Along the way she was recognized early as one an elite “40 under 40,” and later as Business Woman of the Year and Most Influential Women in Orlando, the headquarters today. All the while she has raised a family; focused her philanthropy on children in need and the arts; and maintained a balance that keeps her both happy and challenged. For the last decade, she has co-owned and run American Road Group, which she has built into the premier Harley-Davidson dealerships as well as a unique business of 17 Harley merchandise stores in major tourist destinations across the U.S. To this Anne credits the loving support of her husband and business partner and a fantastic team of people who are totally dedicated to our company and the Harley brand! Mary Jo Eaton, Executive Managing Director, CBRE As Executive Managing Director for CBRE Florida, Mary Jo Eaton leads more than 900 professionals in seven (7) offices across the state and oversees all lines of business within the state. With over 24 years of experience in commercial real estate, Ms. Eaton is experienced in virtually every aspect of the real estate business, including brokerage, management and operations, construction management, asset management, acquisition and disposition and contract negotiations. Prior to relocating to the Florida market in January 2011, she had oversight for CBRE’s Asset Services business in the Baltimore- Washington, D.C. region. Ms. Eaton has been recognized by the South Florida Business Journal as one of the “Top 100 Power Leaders” (2013, 2014) and a “Heavy Hitter in Real Estate” (2012). IREM also named her one of the “Women Changing the World of Real Estate” (2013). Ms. Eaton is Executive Sponsor of CBRE’s Hispanic Networking Group and active in CBRE’s Women’s Network, which provide mentoring, professional development and personal enrichment to CBRE professionals. Ms. Eaton is a member of the South Florida Board of Advisors for The Commonwealth Institute and sits on the board of The Beacon Council, Miami-Dade’s official economic development partnership. 10 Judy Leibovit, Owner, Sweet Endings Starting out from her home kitchen, Judy Leibovit, owner of Sweet Endings, did the unthinkable to many and conquered her dreams. For more than 25 years, Sweet Endings has been a mouthwatering staple to restaurants, hotels, country clubs and public establishments through food service distributors, QVC and the U.S. Military overseas. Sweet Endings is incomparable to any other nationally known dessert company because of their innovative “nitch” desserts. It all started in 1989, when a courageous young mom, Judy Leibovit, took the risk and started what is widely known today as Sweet Endings. Being the eldest of four children, it is in Leibovit’s character to help others. Therefore, when a less fortunate family needed desserts for a Bat Mitzvah, Leibovit took charge, baked and provided the family with delicious deserts. With raves from all guests, Leibovit knew desserts were her calling. Donna E. Shalala, President, University of Miami An accomplished scholar, teacher, and administrator, University of Miami President Donna E. Shalala personifies outstanding leadership and dedication to public service. Since becoming president of UM in 2001, UM has advanced into the top tier of U.S. research universities. Shalala received her A.B. degree from Western College for Women and Ph.D. degree from the Maxwell School of Citizenship and Public Affairs at Syracuse University. She served as president of Hunter College from 1980 to 1987 and chancellor of the University of Wisconsin-Madison from 1987 to 1993. Shalala was assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development during the Carter administration. In 1993 President Bill Clinton appointed Shalala U.S. secretary of health and human services. During her eight-year tenure, she directed welfare, FDA, and Medicare reform and greatly expanded children’s health insurance coverage and immunization rates. Shalala continues to play a prominent role to improve the quality of life in cities and health care on the national and international level. She was appointed by President George W. Bush to co-chair with Senator Bob Dole the Commission on Care for Returning Wounded Warriors, and in 2008 received the Presidential Medal of Freedom, the nation’s highest civilian award. In 2009 she was appointed chair of the Committee on the Future of Nursing at the Institute of Medicine of the National Academy of Sciences. In 2010 she received the Nelson Mandela Award for Health and Human Rights, which recognizes individuals for outstanding dedication to improving the health and life chances of disadvantaged populations in South Africa and internationally. Shalala serves as a distinguished senior fellow in the Economic Studies Program and the Engelberg Center for Health Care Reform at the Brookings Institution. The Commonwealth Institute of South Florida The Commonwealth Institute (TCI) is a vibrant nonprofit organization, founded to help women-led businesses become and stay successful. Our mission is to help women CEOs, Entrepreneurs and Senior Executives grow their business through peer mentoring, education, development and high-level networking. The cornerstone of TCI’s approach is peer to peer mentoring in a confidential, small group atmosphere called forums. TCI also raises money to provide scholarships for emerging women business owners and executive directors of other not-for-profits. TCI supports members’ leadership efforts, gives them an opportunity to share in each other’s networks and provides a path for success through collaborative business relationships. The organization is “community-based” and the programs and events are varied, motivational and uniquealways focused on helping participants develop personally and professionally. Our two signature events are our Leadership Luncheon and our Top 50 Women. These annual luncheon events draw 300+ women CEOs and Senior Executives. Our Top 50 Women event is where we release the list of top 50 women-led businesses and top 10 non-profits in Florida and recognize Since its inception, TCI has worked these outstanding women. We offer with several hundred women-led several levels of membership, our companies. TCI currently has more general membership and our forum than 300 members whose companies memberships as well as development have annual revenues ranging from programs for emerging and high $100,000 to more than $200 million. potential women managers, highTCI has chapters in South Florida energy business seminars and member and Boston. The South Florida region gatherings where members learn, serves Miami-Dade, Broward and Palm network, share information and inspire Beach Counties. each other. W e are now celebrating a milestone of ten years in South Florida! We wouldn’t have made it this far without the amazing women that have given their time and talents to our organization. A special thanks to our TCI South Florida 2014 Advisory Board: Sandra Finn Linda Alexander Doris Neyra Wells Fargo Private Supporter Cross Country Home Services Amparo Bared Sara Herald Barry University Carlton Fields, P.A. Mary Carroll Akerman-Senterfitt Laura Kaplan Linda Paresky Ryder U.S. Trust Treasurer Diane Davis Lisa Kauffman Merrill Lynch Wealth Management President Donna Dickey Miami Herald Media Co. Mary Jo Eaton CBRE, Inc. Dorothy Eisenberg Gerson, Preston, Robinson Celebrity Cruises Jennifer Knight Newport Board Group, LLC Edith Osman Private Supporter EC at Large Toni Randolph Private Supporter EC at Large Sue Romanos Christine Kotler CAREERXCHANGE Aimee LeWinter Founding Chairperson Baptist Health South Florida PNC Bank Naomi Nixon Lois Silverman Phyllis Swersky The MelTech Group University of Miami Visit our website: www.commonwealthinstitute.org 11 TOP 50 WOMEN-LED FOR-PROFIT ORGANIZATIONS IN FLORIDA TOP 50 WOMEN-‐LED FOR-‐PROFIT ORGANIZATIONS IN FLORIDA 12 Rank Name Title Organization City Industry Number of Employees 1 Kathleen Crampton President, CEO UnitedHealthcare Community Plan of Florida Sunrise Healthcare 300 2 Mary Jo Eaton 3 4 5 CBRE, Inc. Miami Real Estate 901 Anne Deli Nancy Batchelor Robin Ranzal Knowles Executive Managing Director President Sales Associate President American Road Group EWM Edgewater Ranzal Kirsten Dolan COO One Parking, Inc. 7 8 9 Olga Ramudo Lisa Somerville Barbara Bibas Montero President, CEO President, CEO Founder, COO Express Travel Restor Telecom, Inc. SafetyPay 10 Catherine Colan Muth CEO O. R. Colan Group, LLC Tallahassee Retail Real Estate Information Technology Parking Management and Consultation Service Service Financial Acquisition Services for Public Infrastructure 300 6 191 6 Orlando Miami Beach Boca Raton West Palm Beach Miami Leesburg Miami Beach 11 Claudia Londono President Miami Wholesale and Distribution 27 12 13 Adela Gonzalez Teresa Meares President President Kim Sweers Managing Partner Miami Lakes Jacksonville Pompano Beach 15 Christine Franklin President 16 Sue Romanos President, CEO Service Wholesale and Distribution Marine Sales, Service, Parts, and Storage Engineering and Construction Service 1013 25 14 EYMAQ / EYMAQ PROJECT MANAGEMENT Future Force Personnel DGG Tactical Supply FastBoats Marine Group Cherokee Enterprises, Inc. CAREERXCHANGE 17 Rachel A. Sapoznik President, CEO Sapoznik Insurance Consulting 57 18 Lorraine Celestino Wilde CEO Service 61 19 Michele Sutton President 365 20 Angela Petrakis President Manufacturing Engineering and Construction 21 Pernille Ostberg President, CEO Matrix Home Care, LLC Healthcare 671 22 Ginger Martin President, CEO Financial 35 23 Kay Stephenson President, CEO Tallahassee Information Technology 69 24 Celeste Notardonato, CPA MBA President, CFO Rockledge Engineering and Construction 14 25 Laura Masella President Orlando Manufacturing 92 26 April Salter President American National Bank Datamaxx Applied Technologies, Inc. The Integration Factory, Inc. New York International Bread Co. Salter>Mitchell Tallahassee 30 27 JoAnn P. Forance President J P and Concepts Co. Fort Myers Advertising / Marketing Engineering and Construction 28 Sandra Foland Owner, CEO The Baron Group, Inc. dba Baron Sign Manufacturing Riviera Beach Signage 45 29 Linda Watson Owner, President Rainmaker, Inc. Food and Beverage 4 30 Ann Sabbag Founder, CEO Health Designs Workplace Wellness 116 31 Madelaine Lock President Mount Dora Security Systems Integrator 30 32 Celine de la Sierra President Hialeah Engineering and Construction 10 33 Bonnie Crabtree Managing Director Miami Consulting 17 GO Airport Shuttle & Executive Car Service Sutton Ferneries, Inc. Diversified Window Solutions, Inc. SmartWatch Security & Sound, LLC Sierra Commercial Construction, Inc. Korn Ferry Miami Lakes Miami North Miami Beach Fort Lauderdale Miami Longwood West Palm Beach Oakland Park Fort Lauderdale Ponte Vedra Beach 375 31 159 85 147 23 47 2823 27 33 Rank Name Title Organization City Industry 34 Lisa Davis CEO Analytics Partners Information Technology 35 Rank 36 34 37 Jennifer Cramer Name Miranda Monahan Lisa DRavis Susana obledo President Title CEO CEO CEO Founder, Wholesale and Distribution Industry Information Technology Information Technology Manufacturing 25 Number of Employees 6 29 28 35 38 Jennifer ramer Meg GCreen President Founder, CEO Wholesale and Distribution Financial 25 11 36 39 37 Miranda Monahan Tanya RM eyer Susana obledo CEO President Founder, CEO Information echnology Temporary ETmployment Manufacturing Agency 6 1006 28 38 40 Meg Green MD Leslie Baumann, Founder, CEO CEO Miami Miami Financial Healthcare 11 27 39 41 Tanya Meyer Lane Hickey-‐Wiggins President CEO Mount Dora Lakeland Temporary Employment Manufacturing Agency 1006 28 40 42 Leslie Baumann, Christina Hite MD CEO President Miami Longwood Engineering Healthcare and Construction 27 21 41 43 Lane Sally Hickey-‐Wiggins Hayes CEO President 28 8 Christina Hite Betsy McGee President President Engineering and Wholesale and Distribution Construction 21 8 43 45 Sally HCayes Judith uppy President Owner, President Saint Lakeland Petersburg Fort Longwood Lauderdale Saint Sarasota Petersburg Manufacturing Wholesale and Distribution 42 44 Wholesale and Distribution Healthcare 8 905 44 46 Betsy M Annie McGee ecias President President Wholesale and Distribution Construction 8 60 45 47 Judith Cuppy Judy Leibovit Owner, President President Healthcare Manufacturing 905 24 46 48 Annie MFecias Deborah uddy President President The Spice Lab Organization M-‐PowerTech, LLC Analytics CUBE PCartners ARE Meg G reen & The Spice Lab Associates M-‐PowerTech, LLC ACE Staffing Unlimited, CUBE C ARE Inc. Meg GCreen & & Baumann osmetic Associates Research Institute ACE Douglass Staffing USnlimited, creen Inc. Printers Baumann Cosmetic & Dix.Hite + Partners, Research Institute Inc. Douglass creen Federal ESastern Printers Inc. International, Aluminum istributing, Dix.Hite + PD artners, Inc. Inc. dba ADI Metal Federal Senior EHastern ome International, Companions, Inc. Aluminum istributing, JA & M DDeveloping Inc. dba ADI Metal Corp. Senior Home Sweet Endings Companions, Inc. JA & M D eveloping MediaSource Corp. Worldwide Jacksonville Pompano Beach City Bradenton Jacksonville Miami Lakes Pompano Miami Beach Bradenton Mount Lakes Dora Miami Number of Employees 29 Construction Advertising / Marketing 60 5 47 49 Judy Leibovit Debbie Margolis Horwitz 24 4 48 50 Deborah Fuddy Ann Duncan Manufacturing Production and Content Creation Advertising / Marketing Real Estate President, President Sweet Endings Executive Kreative Kontent Co MediaSource Producer President Worldwide Founder, President Vertical Integration, Inc. President, Executive Kreative Kontent Co Producer Founder, President Vertical Integration, Inc. Fort Pembroke Lauderdale Pines West Palm Sarasota Beach Pembroke Tampa Pines West Palm Fort Beach Lauderdale Tampa Tampa 5 16 Fort Production and Content 49 Debbie Margolis Horwitz 4 Lauderdale Creation Ann Duncan Tampa Real Estate 16 50 TOP 10 WOMEN-‐LED NOT-‐FOR-‐PROFIT ORGANIZATIONS IN FLORIDA TOP 10 WOMEN-LED NOT-FOR-PROFIT ORGANIZATIONS IN FLORIDA Number of Rank Name Title Organization City Industry Employees 1 Donna E. Shalala President University of Miami Coral Gables Education 13710 TOP 10 WOMEN-‐LED NOT-‐FOR-‐PROFIT ORGANIZATIONS IN FLORIDA North 2 Rank 3 1 4 5 2 Dr. Barbara Weinstein Name Sister Linda Bevilacqua Donna Shalala Gillian ET. homas Kristi MWollis Dr. Barbara einstein President, CEO Title President President President, CEO President, CCEO EO President, 6 3 4 7 5 8 6 Kim L. Cavendish Sister Linda Bevilacqua Gillian Thomas Deborah Spiegelman Kristi Mollis Tina Philips Kim L. Cavendish President, CEO President President, CEO CEO President, CEO President, CEO President, CEO 9 7 Ellyn SOpiegelman krent Deborah CEO CEO 8 10 Philips Eileen Tina Maloney-‐Simon President, CEO CEO 9 10 Ellyn Okrent CEO Eileen Maloney-‐Simon CEO Family Central, Inc. Organization Barry University University f Miami Museum of Socience, Inc. Everglades University Family Central, Inc. Museum of Discovery and Barry University Science Museum of Science, Inc. Miami Children's Museum Everglades University Palm Beach Habilitation Museum oCenter f Discovery and Science Florence Fuller Child Miami Children's CM useum Development enters Palm B each H abilitation YWCA of Greater Miami-‐ Center Dade, Inc. Florence Fuller Child Development Centers YWCA of Greater Miami-‐ Dade, Inc. Not-‐for-‐profit Industry Education Education Not-‐for-‐profit Education Not-‐for-‐profit 410 of Number Employees 1792 13710 77 Not-‐for-‐profit Education Not-‐for-‐profit Not-‐for-‐profit Education Not-‐for-‐profit Not-‐for-‐profit 120 1792 77 130 250 122 120 Not-‐for-‐profit Not-‐for-‐profit 110 130 Lake Worth Miami Not-‐for-‐profit Not-‐for-‐profit 122 180 Boca Raton Not-‐for-‐profit 110 Miami Not-‐for-‐profit 180 Lauderdale City Miami Coral Gables Miami North Boca Raton Lauderdale Fort Miami Lauderdale Miami Miami Boca Raton Lake Worth Fort Lauderdale Boca Raton Miami 250 410 13 CBRE CBRE CBRE E R CB RE BRE E CB CBRE RE C BRE CBR E CBRE CBRE B C C CBR CBRE BRE E BRE CBRE CBRE C BRE CBRE CBRE C BRE CBR E E R E C B R E C R C B R B E C B E C R E C R CB CBR RE BRE CBRE CB RE CBRE B E C E C R R B E B C CB RE BRE CBRE C RE CBR CBRE CBRE BRE E CB RE C BRE CBRE CB RE CBRE CBRE CB RE CBRE CBRE C BRE CBR E CBRE C E CB CB RE CBR BRE CBRE C RE CBR RE CBRE E CB CBRE BRE RE C E CB CBRE B RE C 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