Family-Owned Small Business*: Family owned and operated business which has been passed from one generation to another. Nominees must also serve as a majority owner and operator or bear principal responsibility for operating a small business with at least a 15-year track record. (*Financial criteria required)
Who is eligible to be nominated for this award?
This award honors a family-owned and operated business which has been passed on from one generation to the next. The owner must also serve as a majority owner and operator or bear principal responsibility for operating a small business with at least a 15-year track record.
Family-Owned Business of the Year
1. Evidence of success as measured by sales and profits.
2. Increased employment opportunities for family members and non-family members for
the nominee’s business.
3. Demonstrated potential necessary for long-term business success and economic
growth.
4. Voluntary efforts to strengthen family-owned businesses within the community.