Catherine Wygant Fossett

Awards

Institute for Family-Owned Business honors 7 Maine businesses at 2025 awards event

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.

Economic development

25 finalists named for 2025 Maine Family Business Awards

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.

Family-owned businesses

Ask ACE: How do I balance numbers and emotions in my family business?

In family businesses, where personal history and professional responsibility overlap, emotions can have a big impact — sometimes quietly, sometimes dramatically.

Awards

Semifinalists named in 2025 Maine Family Business Awards

The Institute for Family-Owned Business said it received a record 505 nominations for this year’s contest.

Awards

Nominations are open for Maine’s best family-owned businesses

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.

Agriculture

Preparing for the future: Two family businesses managing succession

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.

Higher education

New scholarship for students planning a career in Maine

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.

Manufacturing

Founder of Cape Elizabeth blanket business remembered for her grit and optimism

Beth Haller LaSala, founder of ChappyWrap, moved to Maine in 2020.

Family-owned businesses

🔒The ‘family-owned’ brand can be an important marketing tool

The 'family-owned' story can be an important marketing tool. But not all such businesses understand its power.

Energy & Utilities

🔒Exit focus: The good, the bad and the unnerving about selling a family business in Maine

Selling a family business requires a combination of patience, emotional stamina and an understanding of market conditions.

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Catherine Wygant Fossett

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