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June 6, 2005
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. Winners of a statewide
awards program to recognize family businesses that demonstrate creativity
in ensuring their company's vitality will be announced tomorrow (Tuesday,
6/7), details below.
EVENT:
The annual 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.
The Gannett Family Business of the Year Awards were established in 1999
to recognize family businesses that demonstrate creativity in ensuring
their company's vitality. Two winners will be announced, in the large
business category (50 or more employees), and in the small business category.
Recipients are not notified in advance.
TIME:
5:30 p.m., Tuesday, June 7, at the Harraseeket Inn, Freeport. Some 170
business people will be in attendance. Dinner at 6:30 p.m., followed by
keynote speaker George H. Berkowitz, founder and chairman of Legal Sea
Foods, Inc., and presentations of awards.
MORE INFORMATION:
Bob Caswell, USM Public Affairs, 780-4200, 939-2377 (cell).ΚΚ
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