The privately held retail chain's story is the quintessential American Dream. Founder David Green started out making mini picture frames in his Oklahoma garage in 1970. He recruited his two sons, Mart and Steve, to pitch in at an early age. The family's first establishment took up a tiny 300 square feet of retail space. Hobby Lobby now runs nearly 600 stores across the country, employs 13,000 people and topped $2 billion in sales in 2009.
The Greens' Christian faith is at the heart of how they do business. They are dedicated to integrity and service for their customers and their employees. The debt-free company commits to "honoring the Lord in all we do by operating the company in a manner consistent with biblical principles," as well as "serving our employees and their families by establishing a work environment and company policies that build character, strengthen individuals and nurture families."
The company donates more than 10 percent of its income every year to charity. All stores are closed on Sundays to allow employees more family and worship time. It's the company's dedication to biblical principles that led Hobby Lobby in April to raise full-time employees' starting minimum wage to $14 an hour at a time when many other firms have been forced to slash both wages and benefits.
"We believe that it is by God's grace that Hobby Lobby has endured, and he has blessed us and our employees," CEO David Green pointed out. "We've not only added jobs in a weak economy; we've raised wages for the past four years in a row. Our full-time employees start at 80 percent above minimum wage."
Many of Hobby Lobby's employees are single moms working two jobs. Green doesn't need federal mandates to tell him how to treat and retain good employees. He does it because it is the "right thing to do." While countless businesses have been forced to drop health insurance for their shrinking workforces during the Age of Obama, Hobby Lobby headquarters opened an onsite comprehensive health care and wellness clinic in 2010 with no co-pays.
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