2014 Minnesota Family Business Awards

Illustration by James Steinberg

Five stories of entrepreneurial success—family style.

by TCB Staff

October 24, 2014

Talk to a family running a business, and family members most likely will tell you that they wouldn’t want their lives to be any different. They love their families, and they love their businesses. They’ll talk about how proud they are to be a part of something that goes back a generation, and often many more. In short, family and business in a family business are intimately entwined. Both are expressions of love, a love that typically extends to employees and the community in which the business operates.

Twin Cities Business’ coverage of the Minnesota Family Business Awards takes a close look at how five notable Minnesota companies handle the joys and challenges of maintaining a family-owned, family-run company. How do these businesses prepare the next generation for leadership? What roles do various family members play in the business? How do they work together? How do they maintain a sense of family while running a business in a competitive industry? What values sustain them? Honorees follow, and finalists are listed on page 110.

The selection committee for the 2014 Minnesota Family Business Awards comprised Brian Adams, senior vice president, business banking, Bremer Bank; Sally Grossman, principal, Gray Plant Mooty; Tom Hubler, owner, Hubler for Business Families; Farley Kaufmann, CPA, Lurie Besikof Lapidus; Dale Kurschner, editor in chief, Twin Cities Business; Paddy McNeely, chairman and CEO, Meritex Enterprises; and Ritch Sorenson, professor of entrepreneurship, University of St. Thomas.

2014 Minnesota Family Business Awards

Nov. 12
Hilton Minneapolis

5:30 p.m. cocktail reception
6:00 p.m. dinner
7:00 p.m. awards program

$100 person, $1,000 per table of 10
For tickets, contact Caitlin French
at 612.336.9288 or cfrench@tcbmag.com

Bailey Nurseries

Its growth has nurtured five generations.

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Mathiowetz Construction Co.

A strong family has built a strong business, overcoming personal tragedy and financial setbacks.

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Maud Borup Inc.

The company may no longer make Maud Borup’s famous chocolates, but the new family ownership reflects her entrepreneurial spirit.

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N20 Cos.

An entrepreneur prepares to pass on his company to a new generation with new approaches.

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Nordic Ware

Go overseas to make its products? The family behind the Bundt pan never considered it. And their company’s thriving.

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2014 Family Business Award Finalists

Twin Cities Business and its partners recognize these successful Minnesota family businesses and the values they perpetuate.

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Family Man With A Plan

Tom Hubler, who founded the Minnesota Family Business Awards in 2008, helps families pursue their financial and emotional future.

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Winner Of The 2014 Hubler Award For Excellence In Service To Family Businesses

Sharon Danes, professor and family economist, College of Education and Human Development, University of Minnesota.

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