Transitioning For the Future, Cutting Red Tape Is Key to Success for General Contractors GoodFellow Bros. in New Video by Family Enterprise USA’s Pat Soldano
Training workers and cutting red tape are two key issues of focus for Chad Goodfellow, CEO, Goodfellow Bros., Wenatchee, Wash., in a new Family Enterprise USA video, hosted by Pat Soldano, President of Family Enterprise USA. Goodfellow, interviewed from the 100-year-old company’s Maui office, discusses how the general contracting company grew from its small agriculture roadwork roots to over 300 employees working on government and private sector projects across the Northwest, West, and islands of Hawaii. “Our biggest impediments to growth are permitting issues, especially environmental reviews, both locally and federally,” says Goodfellow in the video. “The other big challenge for us is transitioning ownership to the next generation,” he said. “We are planning for it, but I fear for what happens when transition time comes.”
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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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