Welcome to the Family Owned Business Institute.

The Family Owned Business Institute mission is to champion and serve family owned businesses through scholarship, education and advocacy.

In September 1999, the Seidman College of Business and the Grand Rapids Area Chamber of Commerce (working with its Family-Owned Business Council) raised $301,000 from a salute to Jay Van Andel and Rich DeVos. This became the seed money for the Family Owned Business Institute, housed at the downtown campus of Grand Valley State University.

People Working

Scholar in Residence Program

The 2021-2022 Scholar in Residence Program application is now available!

Applications due on April 4th, 2021. 

Click here to apply!

Dr. Kim Eddleston Picture

When the Family Undermines the Business: Understanding the Fredo Effect - Workshop

Figuring out how to maintain strong family relationships and a strong business can be a tremendous challenge for business families. While some family members work tirelessly to help their business succeed, others may be there simply because of their ‘last name’ and serve as impediments to their business. Balancing the needs of the family with the needs of the business is therefore important to creating a healthy family and a healthy business.  Learn how your family can excel at this balancing act from a nationally recognized expert on family business. Dr. Kimberly Eddleston, from Northeastern University, will share how you can successfully manage relationships, make and communicate tough decisions, and maintain close family relationships. Click here for more information!