Family Business & Entrepreneurship Celebrated at UVM
- By John M Turner
The Livak Ballroom at the Davis Center was packed on Friday afternoon for the 2nd celebration of entrepreneurship & family businesses. The celebration featured the University of Vermont (UVM) Family Business Awards, sponsored by the School of Business Administration.
Four awards were given out to recognize UVM alumni or Vermont based family businesses that have overcome the challenges of succession to achieve lasting success, and have demonstrated a commitment to creating sustainable business through leadership and innovation.
“Each winner has an inspirational story marked by solid growth in revenues and profits in highly competitive markets” said Dr. Pramodita Sharma, of the School of Business Administration. “Good old fashioned hard work and strong community involvement, is deftly combined with an innovative approach to stay at the leading edge of their industries. While the competition was fierce, the four winners we honored drew unanimous votes from our judges.”
The winners were:
A.W.Brown Pet & Garden Store, East Longmeadow, MA - 1st GENERATION UVM graduate led start-up or purchased firm with multiple family members in ownership or operations - http://www.awbrown.com/
State Garden Inc. / Olivia's Organics, Chelsea, MA - Multi-Gen: US based enterprise UVM graduate led firm that has completed at least one generational transfer within the family - http://www.oliviasorganics.org/
DiLeonardo International, Warwick, RI - Multi-Gen: Global enterprise UVM graduate led firm that has completed at least one generational transfer within the family - http://www.dileonardo.com/
Dakin Farms, Ferrisburg, VT - Vermont Legacy Achievement Award Vermont based family business recognized for outstanding and long lasting success - http://www.dakinfarm.com/
The judging panel evaluated nominations and selected the winners based on the following criteria:
1. The financial success of the company,
2. Governance structures,
3. Contributions to the community and industry,
4. Demonstrated innovative business practices or strategies.
The 2013 judges panel comprised of:
- Michael Seaver - Vermont President, People's United Bank, Vermont
- John Hall ('85) - Chief Operating Officer, Rachael Ray, Inc.
- Richard Luff ('90) - Sagamore Golf Inc., Winner, 2012 UVM Family Business Multi-Gen Award
- Michael Rainville - Maple Landmark, Winner of the 2012 Vermont Legacy Achievement Award
- Stephen Ifshin ('58) - DLC Management, Winner of the 2012 UVM Family Business 1st Gen Award
- Pramodita Sharma - Sanders Professor for Family Business, UVM School of Business Administration (non-voting chair)
A huge thank you to everyone associated with the awards, and see you next year!