Employee Ownership Foundation Chair, Frieda S. Takaki, Receives the 2013 Small Business Administration Award

Frieda Takaki Business Award - 03-13 CHART Rehab 1-2h HBEach year, the Hawaii region of the federal Small Business Administration (SBA) awards the state’s best small businesses and small business advocates. On February 28, 2013, at the Hawaii Small Business Luncheon, the SBA awarded Frieda S. Takaki, CEO/President of CHART Rehabilitation of Hawaii, and Chair of the Employee Ownership Foundation, the coveted Financial Services Champion of the Year for the City and County of Honolulu. Ms. Takaki received this award for her long standing commitment and dedication to ensure that island businesses are aware of ESOPs and how employee ownership can have such a positive impact culturally and financially in employee-owned companies. This award also recognized Ms. Takaki for being the main driving force in having CHART’s ESOP loan completely paid off in 2012. Ms. Takaki credits her workers for the company’s success — and her talk isn’t cheap. All 34 employees are beneficial owners of the 100% employee-owned company and share in the company’s profits. She was quoted in the March 2013 issue of Hawaii Business Magazine, “Our staff is very committed and loyal and takes care of the company as their own.”

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