Saturday, February 11, 2017 @10am
Catherine Wygant Fossett
Institute for Family Owned Business
HR and the Family Business –
The Institute for Family-Owned Business is a non-profit 501 c (3) organization committed to supporting, strengthening and empowering family-owned businesses throughout the state of Maine. The Institute serves family business owners, executives and employees through a wide range of continuing education programs, networking opportunities and consulting services. The Institute is a comprehensive resource for family-owned business.
The Institute was formed in the early 1990s by prominent Portland business owner, Shep Lee, who was beginning to think about a leadership transition in his third-generation auto dealership, which he anticipated occurring within the next decade. Discovering that the closest resource was in New Hampshire, Lee approached the University of Southern Maine about creating an organization to support Maine family businesses. Lee, his daughter, Cathy and key USM leaders appointed a director and launched the Institute as a part of the University, with 20 member businesses.