HBJ extends nomination deadline for new Best Family-Owned Business Awards
1 min read
Family-owned businesses create 78% of all new jobs while employing 60% of the U.S. workforce, according to Score, a resource partner of the U.S. Small Business Administration. Although family-owned businesses are an essential part of the economy, only 30% survive the transition from first- to second-generation ownership, with 12% continuing from the second to the third generation.
That is why the Houston Business Journal wants to recognize local family-owned businesses that have beat the odds to…
