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Inland Northwest friendly for family-owned businesses

Long a cornerstone of the U.S. economy, family-owned businesses account for as much as 90 percent of all businesses in North America by some estimates.

Family-owned businesses also consistently outperform non-family businesses by emphasizing cost control and investing long-term in employees. According to Seattle wealth management firm Laird Norton Tyee, an analysis of Standard & Poor’s 500 index over a 10-year period revealed that total shareholder return, revenue growth, and income of family-owned businesses eclipsed that of non-family businesses.

Full story: http://www.themanufacturer.com/us/detail.html?contents_id=5050

(Many thanks to Amy Fritsch and Lisa Barrett of Rockey Hill & Knowlton Spokane http://www.hillandknowlton.com for passing this article along. Russ)

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