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). Over nearly three 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. Our strong economy starts with family-owned businesses. We have two types of memberships, family-owned businesses and our associate partners who provide services to the families. 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 www.FamBusiness.org for more information, or contact me today. Best,
CATHERINE WYGANT FOSSETT, EXECUTIVE DIRECTOR Catherine@FamBusiness.org | (207) 798-2667
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ABOUT THE INSTITUTE FOR FAMILY-OWNED BUSINESS The Institute was formed in 1994 by prominent
exceptional challenges. Over the next decade, the
Portland business owner, Shep Lee of Lee Auto
organization realigned itself to ensure that a majority
Malls, who was beginning to think about a leadership
of the board members were family business people.
transition in his third-generation auto dealership, which he anticipated occurring within the next decade.
501(c)(3) nonprofit organization with the generous
Discovering that the closest resource was in
support of its founding sponsors: MEMIC, Verrill,
New Hampshire, Lee approached the University of
BerryDunn, TD Bank, Clark Insurance, Richard Brothers
Southern Maine about creating an organization to
Financial Advisors and many other generous sponsors.
support Maine family businesses. Lee, his daughter, Cathy and key USM leaders appointed a director and launched the Institute as a part of the University, with 20 member businesses.
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Since 2008, the Institute has operated as a separate
In addition to offering a variety of educational programs and events to address the complex and varied concerns of family-owned businesses, the Institute recognizes outstanding Maine businesses
Since its first public program, the Institute has grown
through its annual Maine Family Business Awards gala,
in its mission of providing support, networking,
which attracted over 300 attendees in-person (despite
guidance and forums to help family business operators
the COVID pandemic) and online with a hybrid gala
better understand and appropriately face their
in 2021.
OUR MISSION The Institute for Family-Owned Business (IFOB) is a nonprofit organization dedicated to the success of family-owned businesses. We promote, support, and champion the success of family-owned businesses—the backbone of our economy—with education, networking, and other services. Values:
• We value family-owned businesses, their long-term success, and their unique contributions to their communities and economy. • We value peer-to-peer support and confidential problem-solving. • We value life-long learning and investment in our members and our community. • We value integrity and expect to be a trusted resource for all employees of all our members. • We value inclusion and are welcoming and respectful of all people. • We value quality programming and personalized attention.
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PROGRAMS & SERVICES
Educational Programs & Workshops
The Institute for Family-Owned Business provides
information on topics of interest to family business
programs and services around topics that can
owners. Programs range in duration from two hours
benefit every member of your family and your
to half a day, and include ample time for networking.
business, including:
Programs are in-person, online or a hybrid combination
• • • • • • • •
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Business succession planning and governance Team building Conflict resolution Communications, intergenerational, sibling, and gender issues Leadership development Recruitment, compensation and performance measurement Strategic planning for family firms Innovation and change management ...and more!
Programs offered by the Institute provide valuable
and each is carefully curated to meet the needs of all our members. For a current calendar of upcoming programs, visit FamBusiness.org.
SERVICES
AFFINITY GROUPS
CONSULTING & RESOURCE SEARCHING
These groups meet regularly for networking and
Family Meeting Facilitator
limited and advance reservation is required for many
When an objective third party would enhance
of these groups; call or email us to learn more. Our
discussion of particular issues at your firm, we can
affinity groups include:
help you to identify an appropriate facilitator.
discussion on issues of interest to members. Space is
CEO Central
Referrals & Information
A facilitated roundtable discussion designed
The Institute is a comprehensive resource for family
exclusively for family business CEOs.
businesses. If you have a need for information, support or guidance, we can help. Contact us at (207) 798-2667 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.
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Next Generation All generations working in a family business benefit from the information provided in these meetings. Participants learn communication, transitions, generational management styles, balancing family and family business, and more! 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
SIGNATURE EVENTS Each year, the Maine Family Business Awards recognizes family businesses for their expertise. Since its inception, 106 have won for various categories of excellence. A holiday social is held annually to celebrate the season, and is sponsored by our founding sponsors: MEMIC, Verrill, BerryDunn, TD Bank, Clark Insurance, and Richard Brothers Financial Advisors.
stages of transition with their rising next generation
We also hold two Family Business Spotlight events
family members.
each year, one in the spring and one in the fall, that highlight a family business. These events allow people to visit that business in person, enjoy food and drinks, and allow for networking and social interaction.
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New for 2022, we will be developing a Family Fun Festival for families to bring children of all ages, family members and employees to celebrate family-owned businesses. The IFOB also sponsors a Women’s Wine and 9 series where family business members, associate partners, and future members gather together to learn, play, and enjoy golf at all levels. The series concludes with a 9 Hole Golf Scramble that includes IFOB members and future members of all genders, with an awards presentation and barbecue.
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MAINE FAMILY BUSINESS AWARDS Each year since 2000, the Institute for FamilyOwned Business recognizes family-owned, Mainebased businesses through its Maine Family Business Awards program. Presented at a gala event that attracted 500 attendees pre-pandemic and 300 inperson and virtually in 2021, the awards celebrate the accomplishments of small and large businesses that exemplify the following criteria: • Business success • Positive business and family linkages • Contributions to the community and industry • Family participation • Work environment • Communication • Innovative business practices or strategies
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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 • Cumberland Crossing by OceanView Environmental Leadership Award • BerryDunn Lifetime Achievement Award
2021 Maine Family Business Award Winners (from left to right): Springworks Farm, Harry Fraser, Zachau Construction, Horch Roofing, Volk Packaging Corporation, and Spring Hill Farm
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2021 MAINE FAMILY BUSINESS AWARD WINNERS
MADDY CORSON SMALL BUSINESS AWARD
CHALMERS INSURANCE GROUP CUSTOMER SERVICE AWARD
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RENYS LARGE BUSINESS AWARD
CUMBERLAND CROSSING BY OCEANVIEW ENVIRONMENTAL LEADERSHIP AWARD
HOLIDAY INN BY THE BAY FIRST GENERATION AWARD
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.
IFOB’S FIRST ANNUAL NATIONAL SERVICE AWARD
PEOPLE’S UNTIED BANK INNOVATION & TECHNOLOGY AWARD
SHEP LEE COMMUNITY SERVICE AWARD
BERRYDUNN LIFETIME ACHIEVEMENT AWARD
Harry Fraser, President of H.G Fraser Group, LLC
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FAMILY-OWNED BUSINESS STAFF CATHERINE WYGANT FOSSETT Executive Director
Maine, the World Affairs Council of Maine, MidCoast
Prior to joining IFOB as its Executive
committee, Maine Sports Commission, and Rotary.
Director, Catherine was the executive
She currently serves on the Maine Development
director of the Boothbay Harbor
Foundation Board. She lives with her husband in
Region Chamber of Commerce where she oversaw
Boothbay, is an avid boater and outdoor enthusiast
the 50 Anniversary of Windjammer Days, developed
with a love of great food and local crafts.
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the Claw Down lobster bite competition, and annually produced the region’s definitive travel guide. She is a graduate of the Maine Association of Nonprofits’ Executive Leadership Institute. Catherine’s prior experience includes 20 years in the travel industry, at Hewins Travel, as director of marketing, and Hurley Travel Experts, as director of sales. A graduate of Bates College, she has served on dozens of boards including the Advertising Club of
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Chamber Council, Mobilize MidCoast Maine leadership
BROOKE STEWART Director of Communications
ANDREA PARKER MICHAUD Marketing & Sales Coordinator
Before starting with the IFOB,
Andrea Parker Michaud has been
Brooke spent 5 years traveling the
working in a sales and marketing
U.S. with her own family-owned
capacity in and around Maine for over
business. Carrying the role as race team manager
25 years in various industries. She and her husband
for her and her husband’s professional supercross
recently owned and sold a family business that was a
team, Ronnie Stewart Racing, Brooke was one of only
member of IFOB for a number of years. She is also a
two female managers at the professional level. Aside
musician and performer in her spare time.
from the 29 races, Brooke put on 26 unique special events including dealer signings, athlete and team appearances, and track ride days.
Andrea found she had some spare time in her schedule, so she has joined us as a part-time Marketing & Sales Coordinator. With her heavy sales,
She also worked with the Friends of Jaclyn non-profit
marketing, and administrative experience and love
organization where her team would “adopt” a child
of IFOB, she is thrilled to make the Institute her
battling pediatric brain tumors and other childhood
home. She had been an active member of IFOB for
cancers, hosting multiple families as they traveled, and
four years.
bringing awareness to the organization.
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BOARD OF DIRECTORS
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DOTTIE CHALMERS CUTTER Chalmers Insurance Group Board Chair
JACQUES SANTUCCI Opus Consulting Treasurer
LINDSAY SKILLING Gifford’s Ice Cream Past Chair
DIERDRE WADSWORTH HardyPond Construction Secretary
JOE CAPOZZA III Capozza Floor Covering Center Vice Chair
DAVID CIULLO Career Management Associates (CMA) HR Liaison
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BOARD OF DIRECTORS (CONTINUED)
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REUBEN BELL Blue Elephant Events & Catering
CHRISTOPHER LYNCH Legacy Properties Sotheby’s International Realty
JOSHUA ELLIS Clark Insurance Founding Sponsor
PAULA MAHONY Words@Work
SHAE-LI FENDLER MEMIC Founding Sponsor
JEFFREY MESSER Messer Truck Equipment
SHAUNA MILLER TD Bank Founding Sponsor
LYDIA SWANN The Roux Institute at Northeastern University Graduate Student
RANDALL RICHARD Richard Brothers Financial Advisors Founding Sponsor
LINDA VARRELL Broadreach Public Relations
CHRISTOPHER R. SMITH Verrill Founding Sponsor
SETH WEBBER BerryDunn Founding Sponsor
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ADVISORY BOARD
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JOHN BEAUREGARD Beauregard Equipment
MADDY CORSON AMG Associates
THERESA CLOUTIER DMM, Inc.
MAUREEN COSTELLO WEDGE Quad Group
JANET COLE CROSS Cole Cross Connections, LLC
THOMAS HUSSEY Hussey Seating Company
JOHN ISAACSON Lee Auto Malls
FRANCIS J. O’SHEA Hunts Point Advisors
JOHN LEMIEUX Anton/LeMieux Financial Group
COLLEEN MCCRACKEN CLMC Business Advisors
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TESTIMONIALS “Being a part of the IFOB has been a huge resource for me and my personal growth and also for Gifford’s Famous Ice Cream. I know I will take at least one piece of information that I can relay to the rest of my family from every program/event that I attend! With IFOB, the networking opportunities and knowledge base are spectacular.” —LINDSAY SKILLING, CEO, GIFFORD’S ICE CREAM
“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
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IFOB presented its second BerryDunn Lifetime Achievement Award to the late Harry Fraser, President of the H. G. Fraser Group, LLC, for his many contributions to the growth and development of the IFOB. Fraser served on the IFOB Advisory Board and was instrumental in the transition of the IFOB from a part of the University of Southern Maine to a separate nonprofit 501(c)(3). He will be missed, and we thank him for his support of the IFOB over his lifetime.
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
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