22nd Annual Maine Family Business Awards Presented to State’s Best Family-Owned Businesses

Awards Livestreamed by Family Enterprise USA,
Wednesday, October 12, 6:15 – 8PM EST

Maine’s Institute for Family-Owned Business will host its annual Maine Family Business Awards on October 12 this year, with a livestream of the event hosted by Family Enterprise USA.

This year’s event is expected to attract an audience of over 500 family business members and is presented by MEMIC (Maine Employers’ Mutual Insurance Co.). The event marks the 22nd year of recognizing the state’s family businesses with awards. Since its inception, 97 Maine businesses have been recognized with awards from the group.

The virtual event will be livestreamed by sponsor Family Enterprise USA on Wednesday, October 12, at 6:15- 8 PM EST. Attendees can sign up by going to: https://mfba.awardsplatform.com/

Family-owned businesses represent about 80% of all businesses in Maine, according to the Institute. The Institute assists family-owned firms in meeting the managerial challenges and opportunities to operating and sustaining a successful family enterprise.

“We’re excited to be part of the awards this year for the best of Maine’s family-owned businesses,” John Gugliada, Director of Strategic Partnerships & Business Development, Family Enterprise USA, the livestream supporter. “It’s great to see the award spotlight put on important issues like community contributions, work environment, and family participation,” Gugliada said. “These issues are becoming critical to family-owned business success across the country.”

With seven categories, the awards this year will be handed out for such categories as business success, contributions to community, communication, and innovative business practices.

There are six other special awards to be handed out also, including the Renys Large Business Award (25 or more full time, year-round employees), the Chalmers Insurance Group Customer Service Award, the Shep Lee Community Service Award, and the Geiger Environmental Leadership Award.

Since its first public program in September 1995, the Institute has grown in its mission of providing support, networking, guidance, and forums to help family business operators better understand and appropriately face their challenges. Since 2008, the Institute has operated as a separate 501(c)(3) nonprofit organization.

Policy and Taxation Group is the leading information, education and advocacy organization working for the reduction and ultimate elimination of estate, gift, and generation skipping transfer taxes, and other taxes that punish hard work and success. Our Mission is to challenge hostile tax policies that meaningfully and measurably impact families and limit the ability of family businesses to remain family owned. We work with Congress in Washington DC against high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and the possible elimination of Step up in Basis.

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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.  Those issues include Step Up in Basis, gift tax, Valuation Discounts, Capital Gains Tax, Income Tax Rates, Wealth Tax, & Estate Tax (death tax).

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