The annual award is given to companies that make significant contributions to professional women in the workplace.

Founded in 1932, Graham now employs a 48% female workforce out of a total 700 employees. Carol Wyllie, executive vice president at Graham, accepted the award for the company.

"Providing opportunities for the advancement and creating a corporate environment that stimulates all of our employees was long ago established by the company founder and current chairman, William A. Graham," Wyllie says in a prepared statement.

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