70% of all incorporated businesses in the United States are family controlled. One-third of all Fortune 500 firms are family controlled. Family firms account for almost half of the nation’s Gross Domestic Production.

However, only 30% of family controlled businesses are transferred to a second generation.

The S. Dale High Center for Family Business at Elizabethtown College addresses, advocates for and teaches about all these issues.

We’re joined on Tuesday's Smart Talk by the High Center’s Executive Director Mike Mitchell to discuss these and other issues..

Support WITF: https://www.witf.org/support/give-now/

See omnystudio.com/listener for privacy information.