"Anyone involved with a family-owned business would benefit by being a member of the IFOB.  You will meet other family business owners who have had many of the same challenges.  And you will find the right expertise to successfully guide you and the development of your company."
- Adam Lee, Chairman, Lee Auto Malls


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  • 2017 Maine Family Business Awards


Each year since 2000, the Institute for Family-Owned Business recognizes family-owned, Maine-based businesses through its Maine Family Business Awards program in May.

The gala attracts family businesses large and small with an audience of over 350. The Maine Family Business Awards is a celebration that pays more than just recognition; it serves as a vehicle for networking and opening up all shades of possibilities for families seeking to grow their business.  Click here to register to attend!

Now in its 18th year of recognizing family businesses with the Awards, we present them in partnership with MEMIC.  Since its inception, 75 businesses have been recognized for various categories of excellence. One comment, made recently, may best capture the essence of the Awards, and in many ways describe the Institute: "While applying for the Awards, we discovered a lot about ourselves…and that alone made the effort worthwhile."

The awards celebrate the accomplishments of small and large businesses that exemplify the following criteria:

  • Business success
  • Positive business and family linkages
  • Contributions to the community and industry
  • Family participation
  • Work environment
  • Communication
  • Innovative business practices or strategies

Awards are presented in seven categories:

  1. Renys Large Business Award (25 or more employees)
  2. Chalmers Insurance Group Customer Service Award
  3. Holiday Inn By The Bay First Generation Award
  4. People's United Bank Innovation & Technology Award
  5. Shep Lee Community Service Award
  6. Maddy Corson Small Business Award (fewer than 25 employees)
  7. HUB/Norton Insurance & Financial Services Environmental Leadership Award

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