LEGACY-Generations of Family Business

The Santa Fe Alliance and the Santa Fe Hispanic Chamber of Commerce are proud to present a free screening of a documentary film portraying the dreams, stories and future prospects of families running businesses over multiple generations. LEGACY-Generations of Family Business will be shown Wednesday, April 22, 6-7:30 at the Jean Cocteau Cinema, 418 Montezuma Ave. Produced by Jim Howard, this is a project created as a labor of love in an effort to help reduce the decline of family business.  Mayor David Coss will introduce the film.  

Identify any ten American businesses and chances are that eight of them are family firms. Today, only one-third of family businesses survive the transition from founder to the second generation. This extraordinarily low survival rate marks an alarming decline in recent years. And now only approximately 12% of family-owned businesses are still viable into the third generation. A mere 3% operate into the fourth generation and beyond.  

Jim Howard was born into a multi-generational farm family and spent a lifetime involved with family enterprises that have operated over multiple generations. He is compelled to tell their story in hopes of changing the fate of many family businesses. Jim features family enterprises from both New Mexico and New Hampshire.  

A discussion will follow the 30-minute DVD presentation to explore the growing concern surrounding family enterprises and to record practical ideas and actions participants can take to increase support for family, and small businesses generally, and thereby help build thriving local economies and vibrant communities.  

Diego Mulligan will interview Jim Howard on his program, The Journey Home on KSFR 101.1 FM on Monday, April 20, during the 5:00 hour.