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February 14, 2018

Nominations open for 19th annual Maine Family Business Awards

Photo / Fred J. Field
Photo / Fred J. Field
The Reny family, owners of the Renys chain of department stores, will be the keynote speakers at the Maine Family Business Awards event on May 15. Pictured here are Bob, his wife Mary Kate, his niece, Faustine, his son Adam and brother John Reny.

About the Institute for Family-Owned Businesses

The Institute for Family-Owned Business is a nonprofit 501(c)3 organization dedicated to supporting family-owned businesses, which represent about 80% of all businesses in Maine. Through consulting, seminars, workshops, and networking, the institute assists family-owned firms in meeting the unique managerial challenges associated with operating and sustaining a successful family enterprise.

For the 19th year, the institute will honor the top nominated companies with the Maine Family Business Awards. A nomination can come from anyone, inside or outside the business, they do not need to be a member of the Institute for Family-Owned Business

The nomination form is online and can be found here, along with other information. Or call the institute at 207-798-2667.

Nominations have opened for recognition of the very best family businesses in Maine — and there are lots of contenders since four in five businesses in the state are family-owned.

The Maine Family Business Awards are presented in partnership with MEMIC, the Maine-based employee safety insurance group, during a gala evening event at the Holiday Inn by the Bay. The event, on May 15, will be hosted by Cindy Williams, News Center Maine's news anchor.

Keynote speakers will be members of the Reny family, owners of department stores in Maine since 1949, with John, Adam and Faustine Reny discussing with Williams on stage about running a successful family business.

The evening will begin with networking and end with presentations of the following awards:

  • Renys Large Business Award (25 or more employees)
  • Chalmers Insurance Group Customer Service Award
  • Holiday Inn By The Bay First Generation Award
  • People's United Bank Innovation & Technology Award
  • Shep Lee Community Service Award
  • Maddy Corson Small Business Award (fewer than 25 employees)
  • Environmental Leadership Award

An independent judging panel selects winners based upon criteria that include the nature of family involvement, the success of the business, the work environment, and innovative business practices or strategies.

Honorees in 2017 included: Capozza Tile and Floor Covering Center, Highland Avenue Greenhouse, OceanView at Falmouth, Puritan Medical Products, Custom Composite Technologies, Hanson Enterprises LLC, and Geaghan's Pub and Craft Brewery.

For the purposes of the Maine Family Business Awards, a "family business" is defined as "a business wherein one owner either shares ownership or works in the business with at least one other family member (contemporaneously or overtime) and has a commitment to the continuation of the enterprise."

Event sponsors include title sponsor MEMIC and Maine Magazine, Renys, Chalmers Insurance Group, Holiday Inn By the Bay, People's United Bank, Machias Savings Bank, Verrill Dana LLC, Norway Savings Bank, Lee Auto Malls, Blaze Partners, Cross Insurance, Bangor Savings Bank, Morong Falmouth, Androscoggin Bank, Burgess Advertising & Marketing, DMM, Mainebiz, Sun Media Group, BDN Bangor Daily News and "The Derek Volk Show."

The deadline for nominations is Friday, March 16.

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