Nominations are open for the Family Business Association’s annual Vancouver Island Family Business Excellence Awards. Submitted

Nomination window open for Vancouver Island’s Family Business Awards

2018 Family Business Excellence Awards nominations due Oct. 12

The Family Business Excellence Award is given annually to recognize, celebrate and promote achievements of Vancouver Island family businesses and the considerable contribution they make to both their local communities and our national economy.

Stewart Story, president of the Family Business Association on Vancouver Island, took some time to answer a few questions about the awards ahead of the Oct. 12 nomination deadline.

RELATED: Saanich company wins Family Business award

What is the importance of family businesses?

In B.C. 80 per cent of businesses are family-owned or operated.

Family enterprise forms the backbone of the Canadian economy, with families owning or controlling an estimated 80 per cent of all businesses and representing the largest form of enterprise worldwide.

Research demonstrates that, on average, family businesses last longer and outperform their non-family-run competitors and contribute upwards of 70 to 90 per cent of global GDP.

As a vital driver of world economies, we all directly or indirectly depend on the success of family businesses.

What is the reason behind the new Young Entrepreneur Award this year?

The Young Entrepreneur Award recognizes outstanding achievements by young entrepreneurs in the family business. These individuals are our emerging leaders. The award acknowledges effective leadership, innovation, and excellent potential for growth as well as a commitment to ongoing learning and a commitment to the wider community.

Tell me a little bit about the award ceremonies last year?

Tru Value Foods became the Family Business Association’s tenth recipient of the Family Business Excellence (FBE) Award. The gala event was attended by 120 individuals from the family business community along with advisors to family businesses who provide valued family business services.

To nominate a family business on Vancouver Island email fba@familybusinessassociationvi.ca.

reporter@saanichnews.com

Just Posted

Artwork inspires Glenlyon Norfolk student

A teen party turned philanthropic in the wake of an Artemis Place… Continue reading

Central Saanich veteran receives Legion of Honour from France

Kenneth Brind flew 30 bombing missions over France during the Second World War

Victoria hopes to have a fully electric bus fleet by 2030

Business plan to be created, region to request its use as a pilot community for project

Castaway Wanderers win battle for U18 provincial title

Team made up of players from Oak Bay, St. Michaels, Glenlyon Norfolks, Claremont and Mt. Doug

Oak Bay not moving forward with plastic bag ban

The committee of the whole was unanimous in wanting to hold off until results are known

VIDEO: Four more bikes stolen last week from Oak Bay High and Rec Centre

Increase in bike thefts highlight importance of Oak Bay Bike Registry

BC Ferries adds extra sailings for Christmas

More than 175 sailings are being added, including 130 between the Lower Mainland and Vancouver Island

Horgan says pot smokers may face same outdoor rules as cigarette smokers

B.C. is developing its rules on recreational marijuana

Greater Victoria Crime Stoppers naughty list for the week of Dec. 12

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Truck driver volunteers to take dog lost in B.C. back home to Alberta

Frankie, a pit bull service dog, was found wandering in the Lower Mainland

Ladysmith woman who jumped from ferry meets rescuers

A local artist who survived five hours in the frigid waters of… Continue reading

B.C. teacher suspended after explicit images projected to class

Jeffrey Rohin Muthanna had been viewing porn on a school laptop for two years

Man who pledged to give B.C. hockey team millions charged with fraud

Mike Gould has since repaid $8,000 he allegedly owed Cranbrook restaurant, owner says

Strong economy fuels housing sales in B.C.: report

Economist says demand for houses is being supported by a large number of millennials entering the market

Most Read