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Showcasing the FBC

October 14, 2017

The article below has been sent to Le Moyne alumni, family, and friends in the college's




Are you an alumni with ties to a family business?  Did you know that the New York Family Business Center, in partnership with the Madden School of Business, is the only organization in the region that provides education, tools, resources and knowledge specific to family businesses?

The membership driven, not-for-profit organization is a resource that provides family business owners,  members and employees a forum to address the unique and critical issues of running a family business and to help them succeed in current and future generations.

Celebrating its 10th year of existence and a partnership with Le Moyne that began in 2013, the more than 30 member businesses want to identify and welcome family business alumni and invite them to  learn what the NYFBC offers.

Membership in the organization includes discounted or complimentary admittance to all programming events, consulting access to family business professionals as well as participation in Peer Groups – the  Senior Group for senior family members, and an Emergent Group for junior members. The highly nurturing and confidential roundtables meet monthly either on the Le Moyne campus facilitated by faculty, or at member locations.

Because the concerns of family businesses are so unique yet still share the same goals, concerns and passions, the Peer Group meetings have proven to be an invaluable opportunity for members to share experiences, discuss topics pressing to their organization, employees or family members, seek advice and provide guidance to each other.   Both groups meet from 8-9:30 a.m. with the Senior Group meeting on the first Wednesday of each month and the Emergent group meeting on the last Friday of every month.

”The relationships and friendships that have developed are invaluable,” according to member Diane Schmid-McCall.

With the assistance of local and national professionals as well as Le Moyne faculty, the organization looks forward to an exciting year of programming.  Members are welcome at all Madden sponsored events, and can participate in networking opportunities, conferences, company tours, training workshops, lectures, seminars and the Peer Groups, all of which are curriculum driven by the needs and desires of members.  Topics may include succession planning, business valuation, family business dynamics, financial service products specially tailored to family business needs, transition planning, leadership preparation, communication, conflict resolution or philanthropy.

The organization was founded 10 years ago by Tom Donahue, Donahue Financial Management Group.  Introduced four years ago to Madden School of Business Dean Jim Joseph, Class of 1983, “We wanted to explore whether both entities could be mutually beneficial to each other,” according to Donahue.  The answer, said Dean Joseph, was “Tell me more. Research led to an understanding of the young field of family business studies, and I realized this discipline, such a vital part of carrying on the sustainability of families, was a very Jesuit tradition.  The decision was somewhere between easy and smart.  We had the vision that this partnership between Le Moyne and the business community would be a tremendous asset to both parties.”

Renée Downey Hart, Ph.D., Professor of Practice, Management and Human Resources, is beginning her second year as the NYFBC’s Executive Director.  “By bringing in Renée’s expertise, the community and academic worlds merge – the ultimate intersection,” Dean Joseph believes.  His vision looks toward growing and strengthening the alumni base in the organization, as the NYFBC can offer them “an exceptional resource.”

Alumni Peter J. DiLaura, Class of 1978, President of CADimensions, Inc., has been a member for almost six years, along with his wife and sons. “Whether a business is first generation or fifth, the NYFBC has something to offer,” DiLaura said.  He and his family members became involved and engaged because the organization offered a venue to “network with other businesses that share a common structure of a family business.”

Robert Banuski, CEO of HR One, a payroll and human resource consulting firm, was the first paying member of the NYFBC 10 years ago.  When the business transitioned to the second generation, sons Jason and Paul utilized the resources of the NYFBC and believe that the organization “has been essential to the successful transition to the next generation,” according to Jason.  “During our 10 year affiliation, we have been introduced to new client relationships, built business friendships and grown our brand in the community,” he said.

For more information please contact Board President Gail Cowley at gcowley@cowleyweb.com, or Renée Downey Hart at downeyrv@lemoyne.edu


Visit our website at www.newyorkfamilybusinesscenter.com or find us on Facebook at www.facebook.com/New-York-Family-Business-Center

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