Family-owned businesses make up approximately 80 percent of all businesses in the U.S., and it is estimated they account for 60 percent of the total output of goods and services in the United States (i.e., gross domestic product, referred to as “GDP”). Some are small “mom and pop organizations,” while others are multigenerational, multibillion-dollar companies like Ford Motor Company or Cargill. Taken together, they represent one of the hearthstones of American business and “The American Dream.”
Family Business
Oldest Family Business in the United States
Company Name: Zildjian Cymbal Co. Founded: 1623 Family Name: Zildjian Product or Service: Cymbal manufacturing Location: Norwell, Mass. Website: www.zildjian.com Founded 14 generations ago in Constantinople by alchemist Avedis I, who discovered an extremely musical alloy that created powerful, durable cymbals. The sultan named him “Zildjian,” Armenian for “cymbalsmith.” The family emigrated to the U.S. [...]
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