Seventy-nine percent (79%) of Study Participants say they Reported Revenue Growth in 2019
More that 50% Report that a Recession or Market Downturn is the Top Risk to their business’s success
Family businesses fight to stay healthy and viable during times of COVID-19 and economic stress, they are resilient and build their businesses for the long term, and as a legacy for the family, their employees, and their communities. To stay viable their top concerns are 1) income tax, 2) estate tax, and 3) too much government regulation, in that order. 26% of family businesses are “very confident” that their business revenues will increase in 2020, and 46% are “somewhat confident”, even though the survey was conducted from January 31, to April 24, 2020; during the COVID-19 pandemic, once again reflecting the strength and commitment of family businesses. In addition, family businesses give 77% of their charitable giving to their local philanthropic community and 23% nationally, illustrating why the local community suffers if the family business must be closed or sold.
Read the complete 2020 FEUSA Family Business Survey
Family Enterprise USA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. FEUSA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of FEUSA. Family Enterprise USA is a 501(c)(3) non-profit organization. Family foundations can donate.