Annual Award Presented To Honor Family-Owned Business
April 1, 2004
The 2004 Gannett Family Business of the Year Award will be
presented on Tuesday, June 1, in recognition of a family-owned
business that has made exceptional contributions to Maine's
economic and community life.
The 2004 ceremony is scheduled to begin at 5:15 p.m., Tuesday,
June 1, at the Harraseeket Inn, Freeport. The awards ceremony
is a program of the Institute for Family-Owned Business, a
nonprofit organization based at the University of Southern
Maine that was established in 1995 to support family-owned
businesses in Maine.
Bush Brothers & Company Chairman and CEO Jim Ethier will
be the keynote speaker. The family-owned company, which was
founded in 1908, is best known for its baked beans cooked
using a secret family recipe. The company is based in Knoxville,
TN.Ê
Now in its fifth year, the Gannett Award recognizes a large
and a small family-owned business. The 2003 recipients were
the Monhegan-Thomaston Boat Line of Port Clyde, and Hussey
Seating of North Berwick.Ê
Nominations are solicited statewide and evaluated by a panel
of judges. The recipients are not announced until the evening
of the awards presentations.Ê
For information on how to register for the event, please
call the USM Department of Conferences at 780-5960.Ê
Family-owned businesses represent approximately 90 percent
of all businesses in Maine, yet less than 30 percent survive
to the second generation and only 13 percent make it to the
third generation. The Institute for Family-Owned Business
sponsors a range of seminars and workshops to help companies
address such issues as compensation, communication, leadership
development and succession planning. For more information,
call 780-5935, or visit http://www.usm.maine.edu/ifob/
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