Mount Saint Mary College will host “Family Run Businesses – The
Good, The Bad and The Ugly” on Tuesday, April 2 from 6 to 8 pm in
the Kaplan Family Mathematics, Science and Technology Center
atrium, 330 Powell Ave., Newburgh, NY.
The forum, sponsored by the college’s division of business, is
free and open to the public.
Visitors will learn the intricacies of running a family
businesses from panelists: Chip, Peggy and Sawyer Kent, owners,
Locust Grove Fruit Farm in Milton, NY; Eric Najork, COO of the
Collection Bureau of the Hudson Valley; and Peter Berman, CEO, The
Ruby Group of construction companies in Goshen, NY.
Family run businesses present owners with a unique set of
challenges, as well as advantages.
Mount business professor Moira Tolan notes recent research by
the Greater Washington D.C. Family Business Alliance reveals that
family control can be efficient, since families may be able to
positively affect the resource inventory and usage of their firms,
apply a long-term perspective allowing for unique strategic
positioning, have fewer human resource problems, and drive
According to the Conway Center for Family Business, 35 percent
of U.S. Fortune 500 companies are family controlled and represent
the full spectrum of American businesses, from small businesses to
major corporations. Their output represents 50 percent of the U.S.
gross domestic product. The mean age of family control in a
family’s core company is 60.2 years, with the 2.8th family
generation being in control.
Family run businesses are responsible for employing 60 percent
of the U.S. workforce and for 78 percent of all new job