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
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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.
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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.
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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
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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.
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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
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ANNIVERSARY
• Communication • Innovative business practices or strategies
MAINE FAMILY BUSINESS AWARDS In partnership with MEMIC
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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.
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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.
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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.
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BOARD OF DIRECTORS
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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)
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BOARD OF DIRECTORS (CONTINUED)
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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
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ADVISORY BOARD
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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
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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
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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
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