Northern Jet Management is being recognized as one of the 2020 awardees of the Michigan 50 Companies to Watch, presented by Michigan Celebrates Small Business. Northern Jet will be honored at an awards ceremony during the 16th annual Michigan Celebrates Small Business virtual gala event, July 28.
Northern Jet Management has been serving the private and corporate aviation industry for 25 years. Products and services include The Florida Private Advantage Card, The Company Jet Fractional Program, turn-key Aircraft Management, and Aircraft Acquisition and Brokerage services. In addition to the Grand Rapids headquarters, Northern Jet also has bases at the Naples, Florida, Chicago Executive, Milwaukee, and Lansing Airports.
“This award is an acknowledgment of the hard work and dedication of the entire Northern Jet team,” said Charles (Chuck) Cox, CEO Northern Jet Management. “I am thrilled for each team member. This is a unique business we are in, and everyone works hard to make sure our clients receive the very best service in the industry.”
This year’s Michigan 50 Companies to Watch have made a substantial economic impact, totaling $365 million in total annual revenue for 2019. From 2016 through 2019, these companies generated $1 billion in revenue and added 723 employees (both in Michigan and out of state), reflecting a 101.9% increase in revenue and 93.8% increase in jobs for the four-year period. That translates into a 26.9% annual revenue growth and 24.8% annual growth in employees.
“Michigan’s small businesses are the lifeblood of our local economies and play a vital role in making our communities attractive places to live, work, visit and play,” said Josh Hundt, Chief Business Development Officer for the Michigan Economic Development Corporation. “As the state continues to recover from the COVID-19 outbreak, we are honored to recognize and celebrate these small businesses, which demonstrate the resilience, innovation and grit that sets Michigan apart.”
Companies nominated for the Michigan 50 Companies to Watch award must be second-stage companies, defined as having six to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. Additionally, the companies must be privately held and headquartered in Michigan.
Judges from economic and entrepreneurship development organizations selected the 2020 winners. The judges evaluated the nominees’ demonstration of intent and capacity to grow based on the following:
• Employee or sales growth
• Exceptional entrepreneurial leadership
• Sustainable competitive advantage
• Other notable factors that showcase the company's success
Michigan Celebrates received 575 nominations for the Michigan 50 Companies to Watch award, which surpassed last year’s record of 425 nominations. In addition to a competitive landscape for this award, the businesses who are selected by the judges go through a rigorous due diligence process prior to the final decision.