Tingley Rubber Corporation Wins NJ Family Business of the Year Award

FDU, Family Business Awards

While family-owned businesses are perhaps stereotypically thought of as smaller firms, some 35% of them are actually Fortune 500 companies, and all family businesses combined account for approximately 50% of the United States’ GDP.  It was Sally Glick, principal and chief growth strategist at the accounting firm Sobel & Co., who regaled the audience with these and other statistics at the October 24^th, 26th Annual New Jersey Family Business of the Year Awards Luncheon, held at the Crystal Plaza in Livingston, and sponsored by: the Rothman Institute of Innovation and Entrepreneurship at Fairleigh Dickinson University, PNC Bank, Sobel & Co., the New Jersey Business & Industry Association (NJBIA), Coughlin Duffy, Crystal Plaza and NEW JERSEY BUSINESS magazine.

Glick added, “With all of their succession, managerial, operational, leadership challenges, [family businesses] are – nonetheless – the single biggest job creators, not just locally, but nationally.  The family business is responsible for 60% of the nation’s employment, and 70% of all new jobs created, overall.”

Nominations were in two categories, sales up to $10M and sales $10M and over. Tingley Rubber Corporation was announced as the award-winning family businesses of the year, in the sales $10M and over. The award was accepted by Tingley’s ownership, Bruce and J.B. McCollum.

Throughout the 26-year history of the New Jersey Family Business of the Year Awards program, it has nominated and recognized 1,071 companies, honored 250 semi-finalists, 130 finalists and 54 category winners, and generated event proceeds that are applied toward entrepreneurial scholarships at Fairleigh Dickinson University ($150,000 has been raised toward the scholarship fund).

Tingley Rubber Corporation is a 122-year-old, fifth generation owned business, headquartered in Piscataway, N.J. Tingley is a leader in the manufacture of protective footwear and clothing. Generations of workers have trusted the Tingley name for quality and service since 1896.

For more information, please visit: www.tingleyrubber.com.