Two Milwaukee-based organizations announced this week they will partner to offer additional resources to family businesses.
The Family Business Legacy Institute and the Wisconsin Women’s Business Initiative Corp. plan to offer free membership to FBLI for some of the family businesses in WWBIC’s portfolio.
FBLI, established in 2015 and led by former Concordia University Wisconsin dean David Borst, provides education, networking and guidance to family businesses in southeastern Wisconsin.
“We are thrilled about this new partnership,” said Jim Baka, chair of FBLI. “WWBIC has a number of family-owned businesses primarily owned and operated by women which will qualify for this opportunity to work with our organization, which specifically helps family businesses with their unique challenges, including leadership transitions.”
“We just think it makes a lot of sense; we have a lot of family-owned businesses,” said Wendy Baumann, executive director and chief visionary officer at WWBIC. “We have 800 loans in our portfolio, and we’re going to look at that rich portfolio that we have and see how many of these are family-owned businesses that could benefit from the association of that organization.”
