Unlock Growth: Optimize Your Shareholder Liquidity Strategy
Join Pat Soldano, President of Family Enterprise USA, in a candid conversation with Jeff Reed, President and CEO of Reed Family Companies. Discover the rich history and operations of Reed Family Companies, spanning heavy highway construction, aggregates, and infrastructure projects across the U.S. and overseas. Jeff delves into workforce issues, succession planning challenges, and the impact of legislation on family businesses. Gain valuable insights into community involvement and the unique dynamics of family-owned enterprises in this illuminating discussion.
Introduction to Reed Family Companies: Jeff Reed, President and CEO, provides insights into the history and operations of Reed Family Companies, a multi-generational family business primarily involved in heavy highway construction, aggregates, and infrastructure projects.
Challenges of Growth: Reed discusses the challenges of finding competent employees and navigating government regulations, particularly in areas such as opening new quarries and developing new equipment lines.
Succession Planning: The discussion touches on the complexities of succession planning within family businesses, with Jeff sharing his experience of navigating estate taxes and planning for the next generation’s involvement in the business.
Community Engagement: Reed Family Companies actively engages with the community through initiatives like Reed Community Day, where employees volunteer their time, and involvement in local projects such as rebuilding parks and supporting charities. Jeff emphasizes the importance of family businesses in community support and urges Congress to address regulatory issues affecting businesses, particularly in California.
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