Jeanie Buss, president of the Los Angeles Lakers, was the featured speaker at the inaugural Center for Family Business Hall of Fame awards on Jan. 20. Four family-owned businesses were named the inaugural members of the Center for Family Business Hall of Fame, designed to honor outstanding family businesses that make a positive impact on Mihaylo and the local business community.
Jeanie Buss, president of the Los Angeles Lakers, was the featured guest speaker for the inaugural Center for Family Business Hall of Fame awards on Jan. 20, an event honoring outstanding family-owned businesses in the community. Buss discussed her business experience, which has included two years as president of the professional basketball franchise and 15 years as its executive president of business operations. “I have shared some things with people here tonight and I got great feedback,” she said. “That is why the center is so wonderful, because it is really a support for something that’s always in transition and always a process.”
“Having Jeanie Buss as our featured guest speaker brought a level of prestige and credibility to our kickoff event,” says Ed Hart, the center’s director.
Since 1995, Mihaylo’s Center for Family Business has supported local family-owned businesses. Members have the opportunity to learn from experts in a variety of business-related fields, network and learn best practices at regular events and provide opportunities for Mihaylo students.
Seventeen businesses were nominated to be inaugural honorees for the Center for Family Business Hall of Fame. “The four businesses that were selected were nominated and voted on by their peers, which makes their induction even sweeter,” says Hart. The honorees at the Jan. 20 ceremony were States Logistics Services, Cascade Pump Company, Hydraflow and Hill Brothers Chemical Company. “In any sport or walk of life, the Hall of Fame is reserved for the very best of the best,” says Hart.
“One of the things in which we take great pride at Mihaylo is the partnerships and relationships that we have in the business community with highly successful business leaders,” says Hart. “The Center for Family Business is no different. We have fostered partnerships with dozens of family businesses in Southern California who are involved with the university and Mihaylo on a much greater level than just their involvement in the center. Our goal is to have the Family Business Hall of Fame become a highly prestigious honor for family businesses each year.”
States Logistics Services, a supply chain logistics company, was awarded the Excellence in Community award for its charitable efforts to provide housing for the homeless and participation in volunteerism. The Cascade Pump Company, a manufacturer of pumping equipment for over half a century, netted the Strength in Succession award for its efforts to create smooth and successful business transitions across generations. Hydraflow, an aerospace manufacturer, won the Commitment to Education award for job-related education and tuition reimbursement for its full-time employees. The Hill Brothers Chemical Company, an industrial and construction chemical enterprise, was honored with the Founder’s Vision award for managing to grow as a business while maintaining commitment to its founding values.
The four businesses honored as Hall of Fame members will be recognized on a wall at the center’s offices at SGMH 5284. Hart is planning another event for early 2016 in which additional businesses will be nominated for Hall of Fame membership.