The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.

Strato's Foxx was selected by an independent panel of judges, and the award was presented at a special gala last June at the Hyatt New Brunswick in the namesake New Jersey city.

Foxx is eligible for consideration for the National Entrepreneur Of The Year 2012 Award, which will be bestowed at the Ernst & Young annual awards gala in Palm Springs, Calif,, on Nov. 17, 2012.