Nominations are open for the Family Business Association’s annual Vancouver Island Family Business Excellence Awards. Submitted

Nomination window open for Vancouver Island’s Family Business Awards

2018 Family Business Excellence Awards nominations due Oct. 12

The Family Business Excellence Award is given annually to recognize, celebrate and promote achievements of Vancouver Island family businesses and the considerable contribution they make to both their local communities and our national economy.

Stewart Story, president of the Family Business Association on Vancouver Island, took some time to answer a few questions about the awards ahead of the Oct. 12 nomination deadline.

RELATED: Saanich company wins Family Business award

What is the importance of family businesses?

In B.C. 80 per cent of businesses are family-owned or operated.

Family enterprise forms the backbone of the Canadian economy, with families owning or controlling an estimated 80 per cent of all businesses and representing the largest form of enterprise worldwide.

Research demonstrates that, on average, family businesses last longer and outperform their non-family-run competitors and contribute upwards of 70 to 90 per cent of global GDP.

As a vital driver of world economies, we all directly or indirectly depend on the success of family businesses.

What is the reason behind the new Young Entrepreneur Award this year?

The Young Entrepreneur Award recognizes outstanding achievements by young entrepreneurs in the family business. These individuals are our emerging leaders. The award acknowledges effective leadership, innovation, and excellent potential for growth as well as a commitment to ongoing learning and a commitment to the wider community.

Tell me a little bit about the award ceremonies last year?

Tru Value Foods became the Family Business Association’s tenth recipient of the Family Business Excellence (FBE) Award. The gala event was attended by 120 individuals from the family business community along with advisors to family businesses who provide valued family business services.

To nominate a family business on Vancouver Island email fba@familybusinessassociationvi.ca.

reporter@saanichnews.com

Just Posted

Police officer hit by car, stabbed in Edmonton attack back on job

Const. Mike Chernyk, 48, returned to work Thursday

Rogue masseur arrested for sexual assault in Victoria

John Heintzelman, 65, is accused of assaulting a person at his former business, James Bay Massage

Hey Amazon, the bid’s in the mail: Langford mayor

The City of Langford has officially submitted its bid to become the home of Amazon HQ2.

WEEKEND HITS: Here’s what’s happening in Sooke this weekend

Looking for something to do over the next few days. Here are… Continue reading

‘Think of me’ puts human face to speeding

Children’s illustrations deliver a plea to speeding drivers

WATCH: Greater Victoria restaurant chain stepping up after employee struck by SUV

31-year-old Khushal Rana fighting for his life in Victoria hospital

Berry disappointed: Bear tries to eat fake fruit on woman’s door wreath

A Winnipeg woman has taken her berry-embellished wreath down, after a hungry bear visited her porch

Man in custody linked police search near Salmon Arm

Police have not connected arrest to search at Salmon River Road property

Weekend hit list: Things to see and do in Greater Victoria

The Victoria Fall Home Expo returns, Rebels host the Cullen Cup, a gallery tour and more

B.C. search groups mobilize for missing mushroom picker

Searchers from across the province look for Frances Brown who has been missing since Oct. 14.

Search for missing B.C. man a race against winter weather

David Jeff of Williams Lake was last seen in Kamloops during the chaotic wildfire evacuations

Director pledges to eat a worm for donation to Saanich sanctuary

$500 donation to Swan Lake Christmas Hill Nature Sanctuary will see Kathleen Burton chow down on mealworms Oct. 29

Man steals police car, goes for a ‘slow’ ride

Mission RCMP say the motive of the theft is unknown

Salmon have arrived in Saanich

Two weeks ago, Dorothy Chambers, lead steward with Colquitz River fish fence,… Continue reading

Most Read