People

Built for generations: What counts in family-run gas businesses

While the largest, listed corporations often dominate business headlines, family-owned firms remain the backbone of the US economy. Around 35% of Fortune 500 companies are still family-controlled, spanning from small businesses to corporates. Between them, such family enterprises account for 64% of US GDP, generate 62% of the country’s employment, and lie behind 78% of new jobs.

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While the largest, listed corporations often dominate business headlines, family-owned firms remain the backbone of the US economy. Around 35%…

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By Art Anderson
Built for generations: What counts in family-run gas businesses
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