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Join Pat Soldano, President of Family Enterprise USA, in a candid conversation with Jeff Reed, President and CEO of Reed Family Companies. Discover the rich history and operations of Reed Family Companies, spanning heavy highway construction, aggregates, and infrastructure projects across the U.S. and overseas. Jeff delves into workforce issues, succession planning challenges, and the impact of legislation on family businesses. Gain valuable insights into community involvement and the unique dynamics of family-owned enterprises in this illuminating discussion.
Introduction to Reed Family Companies: Jeff Reed, President and CEO, provides insights into the history and operations of Reed Family Companies, a multi-generational family business primarily involved in heavy highway construction, aggregates, and infrastructure projects.
Challenges of Growth: Reed discusses the challenges of finding competent employees and navigating government regulations, particularly in areas such as opening new quarries and developing new equipment lines.
Succession Planning: The discussion touches on the complexities of succession planning within family businesses, with Jeff sharing his experience of navigating estate taxes and planning for the next generation’s involvement in the business.
Community Engagement: Reed Family Companies actively engages with the community through initiatives like Reed Community Day, where employees volunteer their time, and involvement in local projects such as rebuilding parks and supporting charities. Jeff emphasizes the importance of family businesses in community support and urges Congress to address regulatory issues affecting businesses, particularly in California.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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