Tingley Rubber Corporation wins NJ Family Business of the Year award
While family-owned businesses are perhaps stereotypically thought of as smaller firms, some 35 percent of them are actually Fortune 500 companies, and all family businesses combined account for approximately 50 percent of the United States’ GDP. It was Sally Glick, principal and chief growth strategist at the accounting firm Sobel & Co., who regaled the audience with these and other statistics at the October 24th, 26th Annual New Jersey Family Business of the Year Awards Luncheon, held at the Crystal Plaza in Livingston, and sponsored by: the Rothman Institute of Innovation and Entrepreneurship at Fairleigh Dickinson University, PNC Bank, Sobel & Co., the New Jersey Business & Industry Association (NJBIA), Coughlin Duffy, Crystal Plaza and NEW JERSEY BUSINESS magazine.
Glick added, “With all of their succession, managerial, operational, leadership challenges, [family businesses] are – nonetheless – the single biggest job creators, not just locally, but nationally. The family business is responsible for 60 percent of the nation’s employment, and 70 percent of all new jobs created, overall.”