Family owned businesses are often the economic engine for rural communities across Iowa, accounting for over 75% of all private sector jobs. These firms are no doubt the lifeblood of Iowa’s economy yet we see them operating in a time of extreme uncertainty from the standpoint of viable succession to the next generation. Iowa’s family-owned companies deal with a unique set of challenges and opportunities including succession planning, next generation development, governance, and other issues. Research shows that only about 30% of family businesses survive to the Second Generation and only 12% are still viable to the Third Generation.
The UNI Family Business Center is focused on consulting through education and awareness, offering leadership and skill development, ecosystem building and networking opportunities, and a platform for peer learning. Our mission is committed to strengthening the viability and success of Iowa’s family owned businesses.