Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Husband working on laptop while owning family busi 2022 02 02 21 46 50 utcIt's been said that there's no business like show business. Although I have no doubt that Hollywood is in a league of its own, my experience is that there's no business like family-owned business, and there are 32.4 million family-owned businesses in the United States as validation.

Family-owned businesses are the engine of the American economy, generating 78% of new job creation and accounts for $80 million jobs, according to research by Family Enterprise USA. Studies have also shown that approximately 35% of Fortune 500 companies are family-controlled. In fact, the greatest part of our country's wealth lies with family-owned businesses; contributing 54% of the private sector GDP, or $7.7 trillion dollars.