Family Businesses’ Contribution to the U.S. Economy:  A Closer  Look

In 1995, we were commissioned to conduct research on the impact of family businesses on the U.S. economy. A search of all relevant research led to the conclusion that the majority of existing data relating to family businesses’ economic contributions were not grounded in empirical research, and the definitions used to distinguish family businesses from other enterprises were ambiguous or non-existent. In 1996, we published a paper providing a framework for assessing the economic impact of family businesses across three  ranges,  defined  by the degree of family involvement in the businesses. This paper revisits that research and updates and improves the original findings based on more recent data.

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FEUSA advocates for the families of family businesses and the issues they face every day in running their businesses across all industries.

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