More family business news.

Family-owned oil company looks to next generation – as father and daughter go back to school

October 5, 2021

Freeman, South Dakota – population approximately 1,500 – isn’t the sort of place you might expect to discover a growing oil company. “There were other people that said the same thing,” laughed Scott Stern, who […]

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30 years and counting: Prairie Family Business Association helps family businesses evolve for future success

September 30, 2021

More than half of U.S. gross domestic product and domestic employment is generated by family firms, according to Family Enterprise USA. Nearly eight in 10 new jobs come from family-owned businesses. More than one-third of […]

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Generations of entrepreneurs celebrate 95 years in family banking

August 31, 2021

The first one in the door every morning at BankStar’s Elkton branch is 96-year-old Jack Hegerfeld. “He comes in about 6:30 a.m., opens up the door and prepares the bank for the day,” said Jack’s […]

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Three generations look inside South Dakota’s oldest homegrown accounting firm

August 30, 2021

*Part two of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. Nelson & Nelson CPAS knows something about longevity. As the state’s oldest homegrown accounting firm, […]

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stephanie larscheid

Prairie Family Business Association Executive Director Stephanie Larscheid One of Four to Win the Young Professionals Network 4 Under 40 Awards

August 12, 2021

Sioux Falls, South Dakota – August 12, 2021. Prairie Family Business Association’s Executive Director, Stephanie Larscheid, has been selected as one of the 4 under 40 award recipients. The Young Professionals Network of the Greater […]

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Building boom means business boom for longtime family companies

August 3, 2021

What would be the worst-case scenario? In 2020, the leaders of Hamlin Building Center asked that question. “We put it on paper,” said Joe Homola, manager of the business with locations in Brookings and Lake […]

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Nationally honored family business moves into new generation as one owner buys out seven siblings

July 29, 2021

*Part one of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. As an 8-year-old, Bill Shorma remembers shining shoes in the basement of a clothing store […]

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Family-owned Reptile Gardens turns pandemic changes into permanent successes

June 28, 2021

If you thought the COVID-19 pandemic threw a curveball your way, try managing through it with 1,000 animals – including 200 species and subspecies of reptiles. That was the scenario faced at Reptile Gardens, the […]

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PFBA 2021 Mid-Year Snapshot

June 24, 2021

To say the last year has been unpredictable would be an understatement. However, at Prairie Family Business Association, we have continued to strive to provide family businesses with resources to thrive, even in trying times. […]

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Fourth-generation family business builds on tradition of quality home furnishings, flooring

June 16, 2021

Since 1925, the name Tollefson’s has come to be associated with a reputation for excellence in the home furnishings and flooring business. Based in Minot, N.D., this fourth-generation family business does a lot of things […]

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