The Generational Well Running Dry?
With the news of Lujack’s selling to an out of town ownership group, the question continues what generational business entity will remain in Davenport. More important, does it matter?
With family names like the Figgie’s, Lujack/Pohlmann’s, Foster’s, Ruhl’s, Carver and Waterman’s all divesting wealth out of the community are these causes of concern. Other family names like Palmer, Peterson’s and Roeder have long been gone.
Is this the reality of the present day business climate? Joint ventures and minority partnership agreements replacing family ownership that valued community?
I understand folks may think these family entities have not done enough for the Quad Cities. I disagree. You can’t replace a Pete Pohlman or a guy like Mel Foster Jr. When we lose generational talent and wealth with-in a community, I think it takes a toll.
Interested in your thoughts…