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Connected Conversations – Family Businesses Contribution to the U.S. Economy: A Closer Look on April 14 - Pat Soldano

You are invited to the next Connected Conversations – Family Businesses Contribution to the U.S. Economy: A Closer Look, on Wednesday, April 14 at 12:00 EDT. We have all been asking for these updated research numbers, and here they are finally.

A quarter of a century since the publication of bull’s eye framework, the 2003 update to “Family Businesses Contribution to the U.S. Economy” is still one of the most cited papers when it comes to the impact of family businesses on the overall U.S. economy.

In 2020, Torsten Pieper and a team of researchers decided to revise and improve the original findings of Astrachan and Shanker (2003) on the basis of more recent data. These findings measure the influence of family businesses across three categories, defined by the degree of family involvement in the businesses. As research on family businesses has developed greatly over the past decades, there was a strong likelihood that Torsten and his team could derive the update on recent data from extant empirical research. However, that assumption was disproved after an examination of the existing literature. As a consequence, this present update relies in part on empirical data collected specifically for this purpose. With support from Family Enterprise USA, this research is timely and critical in the face of a global pandemic and dramatic economic disruptions over the past 20 years.

Date and time:

  • Wed, Apr 14, 2021
  • 12:00 PM – 1:00 PM EDT (GMT-4)

We hope you can join us as this webinar is free and open to all. Please feel free to forward to your networks as well.


Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.


Family Enterprise USA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. Family Enterprise USA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of Family Enterprise USA.