The University of Iowa’s Tippie College of Business will honor the family of Cloid Smith, founders and operators of Sioux City–based Jolly Time popcorn, for their century of contributions to Iowa business.

The family will receive the Oscar C. Schmidt Iowa Business Leadership Award in ceremonies on Thursday, Oct. 29, at 7 p.m. in the Iowa Events Center in Des Moines. Gov. Terry Branstad will offer remarks during the ceremony.

Cloid Smith, a Sac County farmer, founded the American Popcorn Co. in 1914 in Sioux City and the family has been owned by his descendants ever since. It’s currently led by cousins Garrett and Carlton Smith—Garrett is president and Carlton is chairman. The family was featured in Entrepreneur magazine in observance of the company’s centennial in 2014 and lauded for its “ability to continually evolve its brand and marketing as it keeps up with consumers’ ever-changing snacking whims.”

The Schmidt Business Leadership Award was established in 1980 to recognize outstanding Iowa business leaders. Past winners include W.A. (Bill) Krause of Krause Gentile, operator of Kum and Go convenience stores; the leadership team at Pella Corp.; and J. Barry Griswell, chairman, president, and CEO of The Principal Financial Group.

For more information or to attend the ceremony, contact Barbara Thomas in the Tippie College of Business at 319-335-2188.