Family businesses in the spotlightThe tenth annual Wisconsin Family Business of the Year Award is accepting nominations from businesses throughout the state. The award celebrates the accomplishments and the impact family-owned businesses have on our communities.
The tenth annual Wisconsin Family Business of the Year Award is accepting nominations from businesses throughout the state. The award celebrates the accomplishments and the impact family-owned businesses have on our communities.
Since the beginning of the program, 65 family-owned companies have been recognized for contributions to their communities, industries, and the economy.
The winners have come from all parts of the state.
In the nine-year history of the award, more than 200 family-owned companies were nominated and 22 of those were over 100 years old. Together, they have employed over 33,000 people.
They have represented industries as diverse as a produce farms to trucking companies, and travel agencies to coffee shops.
One family business will be selected for grand awards in each category of small (under 50 employees), medium (50-99), and large (100 or more) companies. Special awards also are given to companies excelling in a particular area.
Self-nominations are encouraged, or nominations can be made on behalf of the company by consultants, vendors, clients or friends. An independent panel of judges will select the award recipients. The deadline for nominations is April 13.
Awards are presented at a banquet to be held in Madison on May 9.
In the United States, there are more than 10 million family businesses, from “mom and pop” stores to Fortune 500 companies. Their economic influence is enormous, producing an estimated 50 percent of the nation’s gross domestic product and paying 65 percent of all wages.
The success of family businesses also is demonstrated in the stock market.
An analysis of publicly held, family-owned businesses reveals they significantly outperform the stock market. Economic growth in Wisconsin clearly is influenced by the health of family-run businesses.
The award program is sponsored by Smith & Gesteland, a CPA firm, First Business Bank and the Whyte Hirschboeck, Dudek law firm.
Additional information about the program, including a list of past winners, and nomination forms can be found at www.familybusinessaward.com, or call 608-836-7500.