BOSTON, March 4 /PRNewswire/ -- Newbury Piret is pleased to announce its Gold Sponsorship of the Massachusetts Family Business Awards, an annual program honoring the most successfully run and managed family businesses in Massachusetts. Developed and hosted by Northeastern University's Center for Family Business and The Family Firm Institute New England Chapter, the awards program is designed to promote and highlight some of the great achievements of Massachusetts-based, family-owned businesses and entrepreneurs. Nominations and applications are currently being accepted for entry into this year's competition.Northeastern University Dean Thomas Moore notes, "With all the contributions that family firms deliver to their employees, the economy, and the commonwealth, it seems only fitting to highlight and recognize their achievements and success. Family businesses account for 60% of total U.S. employment and create 78% of all new jobs. Upwards of 80% of all the world's businesses are actually family-owned."
Any Massachusetts-based, family-owned business that includes or included more than one generation is eligible for the award. There are three award categories which will recognize companies with less than 50 employees, 50-250 employees and organizations with more than 250 full-time employees. The awards will be presented at the Royal Sonesta Hotel in Cambridge, MA on May 8, 2008. The deadline for applications is March 31, 2008. Award winners will be chosen by a panel of independent judges comprised of industry experts, academicians, and peers, and will be evaluated based on:
-- Overall business success -- Positive family and business linkage -- Multi-generational family involvement -- Dynamic contributions to community and industry, and -- Innovative business practices or strategies
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