Family-Owned Businesses Are the Engine That Runs the American Economy
Forbes magazine reports that over 50% of the US Gross National Product (GNP) is generated by family-owned businesses.[i] Forbes further notes that about 90% of all U.S. businesses are family-owned or controlled by a family. Companies like Fidelity Investments and Cargill are among the largest family-owned privately held companies in the US, while Berkshire Hathaway and Wal-Mart are publicly traded, yet-family-controlled. Family-owned businesses employ 63% of the US workforce, which translates into the fact that family-owned businesses employ over 98 million people.[iii]
TTA is proud to be part of the strong family-owned business engine that drives the American economy. Co-founded by Vic Melfa and Maria Melfa in 1994, TTA has grown and evolved over the past quarter of a century, building an inspirational company culture where people are valued for their strengths and talent. Four members of the Melfa family comprise the TTA Board of Directors.
Since 2015, as President and CEO Maria Melfa has run TTA, turning it into an engine of agility, and emphasizing the importance of a culture where people are inspired to do and be their best. Maria Melfa drives strategies that ensure TTA lives up to standards of excellence that deliver transformational results for our clients. And the critical building block for that is building an internal culture of innovation and engagement that Ms. Melfa is promoting.