FIBA Honored with Massachusetts Family Business of the Year Award

The Northeastern University Center for Family Business held its 3rd Annual Massachusetts Family Business of the Year Award program honoring the most successfully run and managed family businesses in Massachusetts. FIBA was awarded the 2009 James F. Malloy, Jr. Award for family businesses with 50 to 250 employees. In addition, FIBA was recognized as a member of the 12% Club. While 80 to 90 percent of all businesses in the United States are family businesses, only 12% survive into the third generation. Congratulations to all!