IFOB Informational Brochure

Maddy Corson, AMG Associates & Anne Hussey, Quad Group, founders of the Maine Family Business Awards

Greetings, Thank you for your interest in the Institute for Family-Owned Business (IFOB). For the past two decades, IFOB has supported, strengthened and empowered family-owned businesses throughout the state of Maine. Founded by business leaders who sought local resources to help with succession planning and other challenges unique to familyowned businesses, the Institute has become a comprehensive resource for first-generation and multi-generation businesses of all sizes, offering continuing education programs, networking opportunities and consulting services.

We hope that you will read this short, but very informative, booklet about the Institute and all that it does to help and promote successful family businesses in Maine. You can also visit our website at FamBusiness.org for more information, or contact me today.

Best,

CATHERINE WYGANT FOSSETT, EXECUTIVE DIRECTOR Catherine@FamBusiness.org | (207) 798-2667

2

ABOUT THE INSTITUTE FOR FAMILY-OWNED BUSINESS

OUR MISSION

PROGRAMS & SERVICES

The Institute was formed in 1994 by prominent

In 2008, the Institute became a separate 501(c)(3)

The Institute for Family-Owned Business (IFOB) is a

IFOB provides programs and services around topics

Portland business owner, Shep Lee, who was working

nonprofit organization with the generous support of

nonprofit organization dedicated to the success of

that can benefit every member of your family and your

on transitioning the leadership in his third-generation

its founding sponsors. Today, these sponsors include

family-owned businesses in the State of Maine.

business, including:

auto dealership, Lee Auto Malls.

Verrill, BerryDunn, MEMIC, TD Bank, Clark Insurance,

Discovering that the closest resource was in New Hampshire, Lee approached the University of Southern

In addition to offering a variety of education programs

Maine about creating an organization to support Maine

and events to address the complex and varied

family businesses. Lee, his daughter, Cathy, and key

concerns of family-owned businesses, the Institute

USM leaders appointed a director and launched the

recognizes outstanding Maine businesses through

Institute as a part of the University, with 20 member

its annual Maine Family Business Awards gala, which

businesses.

attracted more than 500 attendees in 2019.

To be the:

premier resource for family-run businesses in Maine predominant source of outreach programs for family-owned businesses recognized expert in and networking

Since its first public program, the Institute has grown

resource for inimitable family-

in its mission of providing support, networking,

business issues

guidance and forums to help family business operators better understand and appropriately face their exceptional challenges.

3

Great Diamond Partners, and many others.

• • • • • • • •

Business succession planning & governance Team building Conflict resolution Communications, intergenerational, sibling & gender issues Leadership development Recruitment, compensation & performance measurement Strategic planning for family firms Innovation & change management ...and more!

Educational Programs & Workshops Educational programs run from two hours to a full day, and include ample time for networking. For a current calendar of upcoming programs, visit FamBusiness.org.

4

SERVICES CONSULTING & RESOURCE SEARCHING

AFFINITY GROUPS

Family Meeting Facilitator

These groups meet several times for networking and

When an objective third party would enhance

discussion on issues of interest to members. Space is

Women focusing on education that is important and

Each spring, the Maine Family Business Awards Since its inception, 96 businesses have won for various categories of excellence.

discussion of particular issues at your firm, we can

limited and advance reservation is required for many

help you to identify an appropriate facilitator.

of these groups; call or email us to learn more. Our

All generations working in a family business benefit

affinity groups include:

from the information provided in these meetings.

The Institute is a comprehensive resource for family

CEO Central

businesses. If you have a need for information, support

A facilitated roundtable discussion designed

or guidance, we can help. Contact us at (207) 798-2667

exclusively for family business CEOs.

or email Catherine@FamBusiness.org.

Women’s Leadership Forum A facilitated roundtable discussion with fellow women in leadership roles in family business. Our goals for this forum include support, encouragement, inspiration and information.

SIGNATURE EVENTS

useful to them.

Next Generation

Referrals & Information

5

Women in Family Business

Participants learn communication, transitions, generational management styles, balancing family and family business, and more!

recognizes family businesses for their expertise.

A holiday social is held annually in December to celebrate the season, and is sponsored by our Founding Sponsors: MEMIC, Verrill, BerryDunn, TD Bank, Clark Insurance and Great Diamond Partners.

Leaders in Transition A peer group with a confidential forum where current business leaders have the opportunity to process with and learn from other leaders who are at different stages of transition with their rising next generation family members.

6

MAINE FAMILY BUSINESS AWARDS Each year since 2000, the Institute for Family-Owned Business recognizes family-owned, Maine-based businesses through its Maine Family Business Awards program. Presented at a gala event each spring that attracts over 500 attendees, the awards celebrate the accomplishments of small and large businesses that exemplify the following criteria:

Awards are presented in eight categories: • Maddy Corson Small Business Award (fewer than 25 employees) • Renys Large Business Award (25 or more employees) • Shep Lee Community Service Award • Chalmers Insurance Group Customer Service Award • Holiday Inn by the Bay First Generation Award • People’s United Bank Innovation & Technology Award

• Business success

• Cumberland Crossing by OceanView Environmental Leadership Award

• Positive business and family linkages

• Lifetime Achievement Award

• Contributions to the community and industry • Family participation • Work environment

20 th

ANNIVERSARY

• Communication • Innovative business practices or strategies

MAINE FAMILY BUSINESS AWARDS In partnership with MEMIC

7

2019 Maine Family Business Award Winners (from L to R): W.S. Emerson Company, Geiger, Inc., Fontaine Family – The Real Estate Leader, FHC, Day’s Jewelers, The Nonantum Resort, and SKORDO.

8

2019 MAINE FAMILY BUSINESS AWARD WINNERS MADDY CORSON SMALL BUSINESS AWARD SKORDO, Brunswick

RENYS LARGE BUSINESS AWARD Day’s Jewelers, Waterville

SHEP LEE COMMUNITY SERVICE AWARD W.S. Emerson Company, Brewer

CHALMERS INSURANCE GROUP CUSTOMER SERVICE AWARD The Nonantum Resort, Kennebunkport

HOLIDAY INN BY THE BAY FIRST GENERATION AWARD Fontaine Family—The Real Estate Leader, Auburn INNOVATION & TECHNOLOGY AWARD FHC, Inc., Bowdoin

CUMBERLAND CROSSING BY OCEANVIEW ENVIRONMENTAL LEADERSHIP AWARD Geiger, Lewiston

LIFETIME ACHIEVEMENT AWARD Maddy Corson

Businesses may be nominated by individuals outside or inside the company. For more information, to view a list of prior winners or to nominate a company, visit FamBusiness.org or call (207) 798-2667.

9

FAMILY-OWNED BUSINESS STAFF CATHERINE WYGANT FOSSETT Executive Director

BROOKE STEWART Director of Communications

Prior to joining the IFOB as its

Before starting with the IFOB, Brooke

executive director, Catherine was the

had spent the last 5 years traveling

executive director of the Boothbay

the U.S. with her own family-owned

Harbor Region Chamber of Commerce where she

business. Carrying the role as race team manager for

oversaw the 50th Anniversary of Windjammer Days,

her and her husband’s professional supercross and

developed the Claw Down lobster bite competition, and

motocross team, Brooke was one of only two female

annually produced the region’s definitive travel guide.

managers at the professional level.

Catherine’s prior experience includes 20 years in the

She also worked with the Friends of Jaclyn non-profit

travel industry at Hewins Travel and Hurley Travel

organization where her team would “adopt” a child

Experts. A graduate of Bates College, she has served

battling pediatric brain tumors and other childhood

on dozens of boards including Maine Ad + Design, the

cancers, hosting multiple families as they traveled, and

World Affairs Council, Maine Sports Commission, and

bringing awareness to the organization. She holds a

Rotary. She lives with her husband in Boothbay and is

BS in Sport Management with certifications in Athlete

an avid boater and outdoor enthusiast.

and Motorsport Management.

10

BOARD OF DIRECTORS

11

DAVID CIULLO Career Management Associates (CMA) Board Chair

REUBEN BELL Blue Elephant Events & Catering

JOSEPH F. CAPOZZA II Capozza Tile Co.

LINDSAY SKILLING Gifford’s Ice Cream Board Vice Chair

KEVIN BOWMAN Bowman Constructors

DOTTIE CHALMERS CUTTER Chalmers Insurance Group

MELINDA A. IRISH Treasurer

PATTI CAMEILO People’s United Bank

MIKE DAVIS Industrial Roofing Companies (IRC)

12

BOARD OF DIRECTORS (CONTINUED)

13

CATHERINE T. DURANCEAU MEMIC, Founding Sponsor

JEFFREY MESSER Messer Truck Equipment

STEVEN TENNEY Great Diamond Partners Founding Sponsor

JOSHUA ELLIS Clark Insurance, Founding Sponsor

SHAUNA MILLER TD Bank Founding Sponsor

SETH WEBBER BerryDunn Founding Sponsor

PAULA MAHONY Words@Work

CHRISTOPHER R. SMITH Verrill Founding Sponsor

KIMBERLY WOLAK The Wolak Group

14

ADVISORY BOARD

15

JOHN BEAUREGARD Beauregard Equipment

MADDY CORSON AMG Associates

THOMAS HUSSEY Hussey Seating Company

THERESA CLOUTIER DMM, Inc.

MAUREEN COSTELLO WEDGE Quad Group

JOHN ISAACSON Lee Auto Malls

JANET COLE CROSS Career Coach for the Next Generation Cole Cross Connections, LLC

HARRY FRASER The H.G. Fraser Group, LLC

JOHN LEMIEUX Anton/LeMieux Financial Group

COLLEEN MCCRACKEN Quad Group

16

TESTIMONIALS “Anyone involved with a family-owned business would benefit by being a member of the IFOB. You will meet other family business owners who have had many of the same challenges, And you will find the right expertise to successfully guide you and the development of your company.”

—ADAM LEE, CHAIRMAN, LEE AUTO MALLS

“Family-owned businesses are one of the driving factors in the Maine economy. Having the institute as a resource for family businesses in Maine helps these businesses succeed and prosper.”

—MADDY CORSON, AMG ASSOCIATES

17

Day’s Jewelers recognized as the Renys Large Business Award winner at the 2019 Maine Family Business Awards

CONTACT US For more information about programs, upcoming events, membership, sponsorship or other opportunities, please contact: Institute for Family-Owned Business CATHERINE WYGANT FOSSETT Executive Director P.O. Box 3364 Portland, ME 04104 (207) 798-2667 Catherine@FamBusiness.org Media Inquiries: ANGIE HELTON Northeast Media Associates (207) 653-0365 Angie@NEMediaAssociates.com

FOUNDING SPONSORS DESIGNED BY

PRINTED BY