Family Business Association Recognizes 2 Bay Area Companies
The Advisory Group, Cal Color Growers both celebrating 25 years in business in 2016
October 26, 2016
The Family Business Association of California today honored two of its member companies for celebrating 25 years as family-owned companies this year.
The Advisory Group is a San Francisco-based wealth management and 401k advisory company, and Cal Color Growers is a wholesale plant nursery based in Morgan Hill.
Robert Rivinius, FBA’s executive director, said the two major milestones demonstrate that even in an increasingly unfriendly business environment, well-run family-owned companies can stand the test of time.
“Family businesses are the backbone of our economy. Our state’s 1.4 million family businesses employ 7 million people and create three-quarters of all new jobs,” Rivinius said. “It’s not easy to grow and nurture successful businesses and we congratulate Cal Color Growers and The Advisory Group for 25 years of success.”
Rivinius also noted that two Sacramento-area family businesses – Van Vleck Ranch and Taylor Brothers Farms – are celebrating milestone anniversaries in 2016. Van Vleck Ranch is 160 years old and Taylor Brothers Farms is 100 years old. (See press release here.)
But he cautioned that ever-higher state and federal taxes and regulatory burdens are making it harder every year for businesses to remain family-owned.
“Too many politicians pay lip service to the importance of family businesses in our communities, but then vote to make it more difficult for families to pass these businesses on to the next generation,” Rivinius said.
“Whether it’s proposing to boost estate tax rates or constantly increasing regulations on how businesses can operate, unless there’s a change in attitude in Sacramento and Washington, D.C., fewer and fewer family companies will be celebrating milestone anniversaries like these in the years to come.”
Founded in 2012, the Family Business Association of California is the only organization working exclusively at the Capitol to educate lawmakers and regulators about the importance of family businesses to the state’s economy and to their communities. For more information, visit www.myfba.org.