The FINANCIAL — ELITE, London Stock Exchange Group’s (LSEG) international business support and capital raising programme, announces that it has signed an agreement with JobsOhio, the privately funded non-profit corporation that promotes job creation and economic development for the State of Ohio.
The collaboration will provide ambitious midmarket companies in Ohio with access to ELITE’s unique training programme to support their growth. This collaboration launches ELITE USA and signifies the first entrance of the ELITE platform into the U.S. market.
Designed to help businesses prepare and structure for their next stage of growth, ELITE provides training and mentoring to support management best practice and entrepreneurship; promotes relationships and opportunities with potential investors; and facilitates access to the full range of funding options. Today, more than 900 companies, advisors and investors from across 34 sectors and 32 countries make up the growing ELITE community. Our research shows that ELITE companies exhibit up to seven times the revenue growth and four times the job creation compared to industry peers.
The State of Ohio is the first state in the United States where the ELITE programme is offered. The choice to launch in Ohio reflects the state’s strong business climate and diverse economy. With over 900,000 small and medium sized businesses, Ohio has one of the largest concentrations of SMEs in the United States.
JobsOhio supports economic growth in Ohio through its innovative and agile approach. Together, ELITE and JobsOhio will work with select companies from Ohio, through a year-long programme, to provide their management teams with a unique network of support to help them scale up. ELITE works in close coordination with regional business, academic and financial communities across the markets in which it operates to enhance its local programmes.
To implement the initiative, ELITE will work closely with JobsOhio’s regional partner, the Appalachian Partnership for Economic Growth (APEG), as well as professional services firms BDO, law firm Bricker and Eckler, Huntington Bank, law firm Kegler Brown Hill + Ritter, Ohio University, Ohio Valley Bank and Peoples Bank.
The initiative was launched today by Luca Peyrano, CEO, ELITE, Thomas Tyler, Global Head of Sales, ELITE, and Valentina Isakina, Managing Director Financial Institutions, JobsOhio at the first annual International ELITE Day, held in Milan. They were joined by Seth Stockmeister and Larry Kidd of new US ELITE companies Stockmeister Enterprises and Reliable Staffing Services respectively, and over 450 ELITE companies.