The Minnesota Family Business Awards are dedicated to recognizing outstanding Minnesota-based family businesses, and promoting the considerable value family businesses bring to the state's economy and quality of life. The awards were established through a partnership between Tom Hubler, CEO/founder, Hubler for Business Families, and Minnesota Business magazine.
Nominate an Outstanding Family Business
Is one of your best customers or vendors a family business that should be celebrated? Do you work for a family business that epitomizes what it means to be a family business? Are you a civic leader who knows of a family business that has made a meaningful contribution in your community?
If so, we invite you to pay them proper homage and nominate the deserving business
for the 2010 Minnesota Family Business Awards. Applications will cover business success, family involvement in the business, community involvement, family and business governance and succession planning.
Minnesota Family Business Awards will be given in the following categories:Legacy Award
The Legacy Award is designed for maturing Minnesota-based family businesses that have transitioned through two, three or more generations of family members who have been active in the business.Emerging Award
The Emerging Award is designed for family businesses ranging from startup to first generation Minnesota businesses that are beginning the process of developing a solid foundation and infrastructure.
Areas of Special Recognition will also be awarded.Why the Fanfare Around Family Business?
Because family businesses are a vital piece of our economy and an important part of the fabric of our communities. We want to lead the way in lifting up those family businesses that do it best, and celebrate their success, contributions and achievements.
Did you know family firms in the U.S....
- Account for 64% of the gross domestic product?
- Comprise 33% of the S&P 500 list?
- Employ 80% of the work force?
- Create 86% of all the new jobs?
- Pay 65% of the total wages?
Source: Family Firm Institute
Family businesses can be the bright spots in an otherwise dark and cloudy economic environment. Numerous studies provide empirical support to the premise that family-owned companies do better because their owners thing long term, on to the next generation as opposed to the next quarter.
To learn more about the nomination and selection process, and to download a nomination form please visit www.minnesotabusiness.com