Charles River Apparel, Sharon, Mass., has been named a finalist in the 10th annual Massachusetts Family Business of the Year Awards.
Run by the Northeast University Center for Family Business, the awards program celebrates top family businesses across Massachusetts. Recipients are selected by a panel of independent judges based on the following criteria: business success, positive business and family linkages, multi-generational family involvement, contributions to the community and industry, and innovative business practices or strategies.
Generational achievement certificates are given to all family business companies in attendance. All Massachusetts-based family-owned businesses that include, or have included, more than one generation are eligible.
“The family businesses representing this year’s finalists as a group have been in business for a combined total of over 1,300 years, with an average age of 57 years old,” says Ted Clark, director of the Northeast University Center for Family Business. This is extraordinarily impressive when you consider that the average life span of a Fortune 500 company is 30 years. These businesses represent the purpose and dedication found in family businesses and it is for this reason that they play such a significant role in the community and the economy.”
The winners will be announced June 15.
For more information, visit charlesriverapparel.com. — J.L.
