MFBA 2010

All nominations are evaluated by David Gee, executive editor of Minnesota Business magazine, and Tom Hubler, Hubler for Business Families, to ensure that they are indeed truly a family business.

Companies will then be invited to apply for the award and those applications will be given a through evaluation in the areas of business success, family involvement and governance, community participation and succession planning.

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Minnesota Family Business Awards will be given in the following categories:

LEGACY AWARD - This award recognizes maturing Minnesota-based family businesses that have thrived and transitioned through two, three or more generations of active family participation and governance.

EMERGING AWARD - This is designed for younger businesses ranging from start-up to first generations of family ownership who are beginning the process of developing a solid foundation and infrastructure with the goal of becoming a legacy business.

Areas of Special Recognition will also be determined and recognition awarded after the selection committee works its way through the nominations. 

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3rd Annual Minnesota Family Business Awards timeline

* February 1, 2010 - Nominations Opened

* April 1, 2010 - Nominations Closed

* April 15, 2010 - Applications sent to all qualified nominations

* June 1, 2010 - All applications due

* August 2, 2010 - Announcement of all Finalists

* October 26, 2010 - 3rd annual Minnesota Family Business Award Event