The Family Business Center was established in 1999 by Dr. Stan Mandel to address the issues and needs faced by closely held and family owned firms. Utilizing the capabilities and educational resources available through Wake Forest, both in our community and nationally, the Family Business Center has provided closely held and family owned firms the assistance they need to grow and succeed from generation to generation for the last several years. A second regional center was added in the Charlotte Metro market in 2003.
The significant growth of the Family Business Center led to revisiting its mission and work within the Wake Forest community in 2015. Generous support from Stan Kelly, Don Flow, and Frank Holding allowed for increased staff and resources for this work. The Center for Private Business was launched in May of 2016 as a more inclusive, non-profit, membership based organization.
While the name has changed to be more inclusive of the types of businesses it serves, the Center’s mission is still the same as it was years before at its inception:
To enable privately owned businesses to achieve dreams for their business, family, employees, community, and stakeholders by providing access to industry leaders, resources, networks, and education.
It is our hope that by 2020, Wake Forest University will be a catalyst for economic growth in our region and will be an institution more deeply embedded in the economic growth and social prosperity of our region and beyond.
We strive to fulfill our vision by: