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Sun, Jul 22
A Compendium of Property & Capital News
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Jul 22
A Compendium of Property & Capital News

Kaplan Construction Honored at Massachusetts Family Business of the Year Award Ceremony

July 05, 2018 - By The Real Reporter
Kaplan Construction Being Awarded at Northeastern University

BOSTON – Kaplan Construction has been honored as a Massachusetts Family Business of the Year by the Northeastern University Center for Family Business. Kaplan also received a certificate of generational achievement in recognition of its success as a second-generation family business during the 12th annual Massachusetts Family Business Awards ceremony on Wednesday, June 13 at Northeastern University’s East Village in Boston.

The Massachusetts Family Business Awards program was created to promote and highlight the accomplishments of Massachusetts-based, family-held businesses and entrepreneurs. The program annually presents awards to recognize family businesses whose policies and business practices have had a positive impact on the business and community. For the last 12 years, recipients of the Massachusetts Family Business of the Year Awards have been selected by a panel of independent judges based on the following criteria: business success, positive business and family linkages, multi-generational family involvement, contributions to the community and industry, and innovative business practices or strategies.

Jane Kaplan Peck, the chief operating officer of Kaplan Construction, spoke on behalf of the Kaplan family and the award. “Family has remained our foundation as Kaplan Construction has grown and evolved since its founding 42 years ago…we celebrate great longevity in our core staff and have welcomed a second generation of dedicated employees to our company,” praised Peck. “We are honored to be recognized for our success as a family business and proud of our contributions to the economic well-being of the Commonwealth,” added Peck.

In 2014, Kaplan announced the culmination of a three-year management transition in which Jane Kaplan Peck was appointed the chief operating officer (COO) and majority owner and Nathan Peck was promoted to president. Since the transition, business has tripled, the staff has doubled, and the company and its leaders have received numerous awards, including ranking annually as the Best Place to Work by the Boston Business Journal and a Top 100 Women-Led Business in Massachusetts by The Commonwealth Institute.

Jane Kaplan Peck led the effort to have the company certified as a Women Business Enterprise (WBE) by the Commonwealth of Massachusetts in 2014. Women Business Enterprises (WBEs) are entities that are at least 51% owned and/or controlled by women. Minority Business Enterprises (MBEs) and women-owned businesses provide ever increasing value to the Massachusetts economy, making up the state’s fastest growing business sector in the Commonwealth.