Family Business Center

We've been there.
As a second-generation family business, Metzgers has a deep-seeded fondness for supporting and showcasing other family-owned companies. That’s why we created this special section on our website – to find every way possible to help your family business succeed.

Family businesses are one of the fastest growing sectors of the economy and their importance to economic activity cannot possibly be understated. They serve as the intellect behind innovation, the heart and spirit of local philanthropy, and the central nerve system of our entire free enterprise structure:

• 90% of all US firms are family owned
• Family-owned companies employ 62% of the country’s work force and create 78% of the new jobs.
• Family businesses contribute approximately 64% of our total GDP
• Many think of family business as “mom & pop” shops, but in fact, 35% of Fortune 500 companies are family companies

A recent University of Connecticut study showed that 79% of family owned businesses incorporate socially responsible practices into their business. And 80% of them emphasize family or core values in the operation of their firms. They are less likely to lay people off when times are bad; looking instead for other ways to keep the “family” together such as reduced work hours, etc.

In addition to the challenges that all businesses face, family businesses experience unique situations and hurdles; Generational transition…complicated family business relationships…family compensation issues…estate planning… the issues are vast and often need and deserve special attention.

This section is for you!