Wisconsin Family Business of the Year Award: Nominations Open

For additional information contact:
Neil Fauerbach – 608-836-7500 or [email protected]

For immediate release:

The second annual Wisconsin Family Business of the Year Award is seeking nominations from businesses throughout the state. The award celebrates companies that exemplify the family spirit of doing business together for everyone’s success.

In May of 2004, ten companies were recognized for their contributions to their communities, their industries, and the economy. The winners came from throughout the state.

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 will also be 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 February 25, 2005. Awards will be presented at a banquet to be held in Madison on May 5, 2005.

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 is also demonstrated in the stock market. A stock analysis of publicly-held, family-owned businesses reveals that they significantly outperform the rest of the stock market. If we are looking to grow our economy within Wisconsin, it is clear that family run businesses will play a large part in that growth.

Smith & Gesteland, a Madison based CPA firm, Associated Bank, a large regional bank, and Dewitt Ross & Stevens, a Madison and Milwaukee law firm, are co-sponsoring the statewide award. The three firms are also founding sponsors of the UW-Madison Family Business Center.

Nomination forms can be downloaded from www.sgcpa.com, or by calling 608-836-7500.

Note: Lists of 2004 nominees and winners can be found at www.familybusinessaward.com.