It’s All in the Family

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It’s All in the Family

According to the Conway Center for Family Business, family-owned businesses like HTBuilder, Pompano Beach general contractors, are economic powerhouses that drive local, national and global economies. Here are some interesting facts they provided:

  • Family businesses account for 64 percent of US. gross domestic product, generate 62 percent of the country’s employment and account for 78 percent of all new job creation.
  • Family-owned businesses are the backbone of the American economy. Studies have shown about 35 percent of Fortune 500 companies are family controlled and represent the full spectrum of American companies from small businesses to major corporations.
  • The greatest part of America’s wealth lies with family-owned business. Family firms comprise 80 to 90 percent of all business enterprises in North America
  • Small businesses, including many family firms, employ just over half of US workers. Of 113.4 million nonfarm private sector workers in 2011, small firms with fewer than 500 workers employed 55 million and large firms employed 58.4 million. Firms with fewer than 20 employees employed 20.2 million.

“All of us here at HTBuilder understand the value of trust and integrity in the construction industry,” says Hilder Cruz, who is the owner of the Pompano Beach remodeling company. “Our goal will always be to offer your family the very best service at a competitive price.”

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