“Julian, myself and our entire staff cannot possibly thank you enough for your recommendation and for the Institute for Family-Owned Business Board’s decision to honor us with the Shep Lee Award!  We were absolutely shocked, humbled and delighted all at once.  The awards dinner was truly wonderful to sit amongst such amazing entrepreneurs and family business owners.  We enjoyed ourselves thoroughly and are ever grateful for the inspiration and validation to continue working harder than ever  to give back to our community!”
- Roxi Suger, Owner, Angelrox


2017 Maine Family Business Award Criteria

Definition of family business: though there are many acceptable definitions of family business, for the awards' and IFOB purposes it is 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.

Members and  future members of the IFOB are encouraged to apply for the awards.

Maddy Corson Small Business Award: The Maddy Corson Small Business honoree is a company with fewer than 25 full-time employees that demonstrates excellence in the following areas:
  • Positions and responsibilities
  • Family involvement
  • Succession
  • Use of external resources
  • Family communication
  • Value of being family-owned
  • Business communication
  • Business success
  • Community service

Renys Large Business Award: The Large Business honoree is a company with 25 or more full-time employees that demonstrates excellence in the following areas:

  • Positions and responsibilities
  • Family involvement
  • Succession
  • Use of external resources
  • Family communication
  • Value of being family-owned
  • Business communication
  • Business success
  • Community service

Shep Lee Community Service Award: The Shep Lee Community Service honoree is a business of any size that demonstrates excellence in the following areas:

  • Commitment to giving back to the community
  • Monetary or in-kind giving (if applicable)
  • Employee service to the community
  • Volunteer board service
  • Volunteer leadership

Chalmers Insurance Group Customer Service Award: The Customer Service honoree is a company of any size that demonstrates excellence in the following areas:

  • Commitment to continuous improvement of customer service
  • Commitment to exceeding expectations
  • Innovative practices or systems that result in improved service
  • Exceptional personal interactions
  • Diverse, customer-driven services and means of delivery
  • Easily accessible troubleshooting services and feedback systems
  • Satisfactory means to address customer issues
  • Efficiencies that contribute to quality customer service
  • Examples of compassion and care that go beyond typical expectations for customer service

People's United Bank Innovation & Technology Award: The Innovation & Technology Award honoree is a company of any size that demonstrates excellence in any or all of the following areas:

  • Development or creation of a new idea, method, or product which may solve a problem or improve a pre-existing solution to a problem
  • Demonstration of original, compelling ideas and/or innovation or technology
  • Significant benefit to and/or impact on others
  • Fulfillment of a market need or creation of a new market through a service or product
  • Use of applied science or innovative methods in product development or modifications

Holiday Inn By The Bay First Generation Award: The First Generation honoree is a company of any size, with at least one family member serving as an active equity owner and at least one family member active in the business on a regular basis. The business must not have transitioned yet from one generation to the next. The honoree will be chosen based on overall excellence among all the categories above.

HUB/Norton Insurance & Financial Services Environmental Leadership Award: Environmental Leadership Award honoree is a company of any size that demonstrates excellence in any or all of the following areas:
  • Demonstrates efforts to reduce carbon footprint, by policies or actions
  • Demonstrates environmental stewardship
  • Engaging others to reduce, recycle, reuse
  • Demonstrates commitment to recycling or alternative power sources
  • Championed steps towards creating a sustainable/resilient local community through positive solutions that may include energy efficiency, renewable energy, local foods development and innovative modes of transportation.


Green Environmental Award:

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