The Institute for Family-Owned Business recognized seven Maine companies at its 25th annual awards ceremony, held Oct. 8 at Thompson’s Point in Portland.
The Institute for Family-Owned Business said it received more 505 nominations this year, which it whittled down to 44 semifinalists before picking 25 finalists.
The Institute for Family-Owned Business is calling for nominations for the best family-owned companies, to be recognized at its 25th annual awards ceremony this fall.
Each of the businesses Mainebiz talked with — S.W. Collins and McDougal Orchards — are over 100 years old and have successfully transitioned through multiple generations.
Funding from the Institute for Family-Owned Business will provide $2,500 per year for up to four years for students who will attend a Maine-based college.