Loyola University Chicago

Quinlan School of Business


1. Who can be nominated

This year’s competition is open to family-owned businesses headquartered in Illinois. Previous Illinois Family Business of the Year Award winners are not eligible.

2. Who can nominate

Nominations can either be from an external source or self-nominations.

3. Categories

Awards are handed out in four major categories:

  • Large (more than 250 employees)
  • Medium (50-250 employees)
  • Small (less than 50 employees)
  • Community Service (businesses showing exemplary community service efforts)

A Century Award is presented, honoring the successes and longevity of one business. In addition, the new Dean’s Award will recognize a business that has excelled in social enterprise, supply chain management or emerging markets. 

4. Entry process

Nomination Form: All Nomination forms are due by Friday, May 22, 2015 at 5 p.m. CDT.

Application Form: Applications must be completed and submitted with entry materials by 5 p.m. CDT on Friday, June 19, 2015. Application forms from 2012, 2013, and 2014 remain active for 2015.

5. Judging

Applications are reviewed by a panel of Judges, including Loyola University Chicago faculty, past Illinois Family Business of the Year winners and corporate sponsor representatives. Judging is based on business growth and success, positive family-business linkage, multiple generation family business involvement, contributions to the community and industry, and innovative business practices and strategies. All decisions of the Judges and the Loyola University Chicago Family Business Center are final.

6. Nominees’ Reception

All nominees are invited to attend the Nominees’ Reception, taking place on Tuesday, July 28, 2015. This informal reception provides the opportunity for nominees to meet and network with one another, as well as participate in round table's discussion.

7. Awards Gala

The winners of the Small, Medium, and Large awards, along with the winner of the Community Service, Century and Dean's awards, will be presented during the Illinois Family Business of the Year Awards Gala taking place on Thursday, November 19, 2015 at The Four Seasons Hotel in Chicago.

Send all nomination, application forms, & entry materials to:

Illinois Family Business of the Year Awards
Loyola University Chicago
Maguire Hall 314, Water Tower Campus
820 N. Michigan Ave.
Chicago IL 60611- 2147

Questions? Contact us at 312.915.6490 or email us.