"We are thrilled to honor this year's class of 'Companies to Watch' as they exemplify the spirit of ingenuity. Indiana is filled with highly skilled, dynamic small businesses like these that are taking risks and working hard every day to create their own homegrown Hoosier success stories,” said Dan Hasler, Indiana’s secretary of commerce and CEO of IEDC.

The IEDC-presented accolade recognizes the state's privately-held businesses that employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital. This year is the fifth installment of the award.

The 25 “Companies to Watch” from 13 Indiana counties were named after IEDC evaluated nearly 165 nominations for the award, according to the organization. The chosen companies project to have combined revenues in excess of $282 million and create more than 171 new jobs this year. The revenue projections represent an increase of more than $66 million or 31 percent from 2011, according to IEDC.

Click here for a full list of this year’s top 25 “Companies to Watch” in Indiana.