To stay apprised of the specific needs and challenges of family businesses, we again commissioned the expert assistance of market research firm MacKenzie Corporation, a second-generation family business in Orange County, California, to conduct our 2024 Family Business Survey. Read more about three optimistic findings from this year's results.
First Bank's Center for Family-Owned Businesses is thrilled to announce two of our close family business friends as 2023 Family Business Magazine CEOs to Watch!
Family businesses are a major economic driving force in America; unfortunately, sparse data, research, and resources for them are available. In addition to the lack of accurate representation of the family business sector, misinformation is often used.
Whether for a first-generation entrepreneur or an established family business, an inventive spirit is at the core of building and preserving a long-term legacy. Some of the world’s most iconic and enduring companies began simply by combining ingenuity and determination to improve the quality of everyday life of their customers.
In partnership with MacKenzie Corporation, First Bank’s Center for Family-Owned Businesses surveyed 552 respondents for its “2023 Family Business Survey”.
As a multi-generational, family-owned business, we’ve gained first-hand knowledge and experience in addressing the unique challenges family businesses encounter as well as recognizing the importance of stability, progression, and long-term perspective.
Headquartered in Saint Louis, MO, St. Louis Metro Electric Supply, Inc., a wholesale distributor of electrical supplies and operator of several retail lighting stores, has been providing wholesale electrical and retail lighting solutions since 1967.