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Inland Northwest Business Named the state of Washington 2015 Family-Owned Small Business of Year

Release Date: 
Monday, May 4, 2015
Release Number: 
SDOPR 15-13
Contact: 
Matthew Williams, 206-553-7315

Sandy and Nancy Seright, owners of two ACE Hardware franchises, were named the 2015 Family-Owned Small Business of the Year by the U.S. Small Business Administration (SBA), Seattle District Office at an awards gala at the Museum of Flight in Seattle, Wash., on April 30, 2015. The Seattle District Office serves the state of Washington and Northern Idaho.

The Serights scored high in the four judging criteria areas which include (1) showed evidence of success as measured by sales and profits; (2) increased employment opportunities for family members and non-family members in the business; (3) demonstrated potential necessary for long-term business success and economic growth; and (4) assisted with voluntary efforts to strengthen family-owned businesses within the community.

“Entrepreneurship is about taking risks,” said Sandy Seright. “That’s what we did with our first location. We borrowed money from our family, sold off our home and moved to somewhere new to buy our first store. It worked out in the long run.” As it grew, they made use of the SBA 504 loan program to fund their second location. A decision Sandy says was one of the best they made.

“We have expanded our locations multiple times,” Sandy said. “Each time we kind of refocus what we are offering; we used to mainly focus on farm and feed, but we have changed as the needs of the customer have changed.”

“Entrepreneurs need to know that there can be great risks associated with opening your own business,” said District Director Nancy Porzio. “It’s also important for potential entrepreneurs to see business owners like the Serights. They took that risk, and it paid off for them. They are a great example of what it means to be an entrepreneur.”

The Serights both agree that they are looking forward to the day their son takes over the business, allowing them to slow down and retire; even though Sandy is currently considering opening a third location.

“We are in the initial planning stages now, building from the ground up,” Sandy said. “Another location, it’s just the entrepreneur’s spirit in me I guess.”

“National Small Business Week is a time to recognize the impact small businesses has on our country,” said Regional Administrator Calvin Goings. “It’s a chance to celebrate the dedicated, hard-working small business owners who are making a difference in their communities.”

Each year since 1963, the President has issued a proclamation calling for the celebration of National Small Business Week. SBA recognizes outstanding small business owners for their personal successes and contributions to our nation.