SIOUX FALLS, S.D. – Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Edward Shorma Excellence in Family Business Award to the Lillestol Family of Lillestol Research in Fargo/Moorhead on Oct. 12. This award has been presented for 7 years to a local Fargo/Moorhead family business.
Lillestol Research was founded in 2004 by Michael and Mary Lillestol. They have grown the business from a start-up operation to now employing 25 people. Guided by five core values: “Excellence in all we do, transparent integrity, collaborative teamwork, a sincere attitude of care, and diligence toward the highest possible standards,” Lillestol Research strives to be the best in the industry.
“The Lillestol Family has made great strides in their future business plans over the last few years. They treat their employees like family and extend that warmth and service to their clients and customers. We are pleased to recognize the Lillestol Family with this well-deserved family business award and will continue to support them as they plan for the future of their business and family,” states Prairie Family Business Association executive director Stephanie Larscheid.
The Edward Shorma Excellence in Family Business Award was established in honor of Edward Shorma to acknowledge and celebrate the importance of family-owned businesses to the economy and the region. This award recognizes multi-generational family businesses with practices and policies that positively impact local business, as well as the neighboring community.
ABOUT PRAIRIE FAMILY BUSINESS ASSOCIATION
Prairie Family Business Association was founded in 1993 as a South Dakota family business initiative through the University of South Dakota Beacom School of Business with the mission of enhancing the long-term survival and success of its family business members.