Recent News

First Dakota National Bank marks 150th anniversary with family focused on its future

August 22, 2022

Aug. 22, 2022 This paid piece is sponsored by the Prairie Family Business Association. Less than one-half of 1 percent of businesses reach their century anniversary. Even fewer can claim 150 years in business – […]


South Dakota named America’s No. 1 family business state

August 15, 2022

South Dakota is home to a greater percentage of family businesses than any state in the nation. That’s according to a recent report from OnDeck, a global online small-business lending company. Using data from earlier […]


Family business owner, startup leader joins Prairie Family Business Association team

August 1, 2022

The newest member of the Prairie Family Business Association team is a small family business owner himself with a history of helping other entrepreneurs. Peter Hauck is the new assistant director for the organization, which […]


Spouses of family business owners take center stage at upcoming webinar

July 6, 2022

It’s an often overlooked role in a family business, despite the fact that spouses can play a significant role in the business’ success. At Iowa-based Weiler Products, that became clear in recent years as three […]


Prairie Family Business Association debuts first volume of The Family Business Connection

July 6, 2022

The Family Business Connection is a new annual publication that is a selection of our most popular recently published family business stories. Along with family business stories, you will find interesting family business facts and […]


South Dakota’s Retailer of the Year finds right fit with family-owned shoe business

June 30, 2022

To find a 28,000-square-foot shoe store in a community of about 22,000 people tells you this isn’t a typical shoe store. Actually, Trav’s Outfitter is the South Dakota Retailer of the Year, honored in 2022 […]


CEO of one of nation’s oldest family businesses will help guide others at upcoming retreat

June 13, 2022

A sixth-generation owner of one of the nation’s oldest family businesses will help other families as they look to the future at an upcoming retreat. Kevin Hancock is the CEO of Hancock Lumber Co., a […]


Tollefson family of Tollefson’s Retail Group, Inc. receives Franklin G. Larson Excellence in Family Business award

June 7, 2022

Sioux Falls, South Dakota – June 7, 2022. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Franklin G. Larson Excellence in Family […]


New research offers family business insight across generations

May 25, 2022

How do hundreds of USD students feel about joining a family business? De Vee Dkystra asked them. “Not very much research has been done on this topic, and we wanted to know how college-age students […]


Family-owned Auto Body Specialties grows into third generation

May 18, 2022

If you’re not familiar with the business, your first guess likely is that Auto Body Specialties is a place to take your vehicle for body work. “It’s common for people to think we’re a body […]