The London Stock Exchange Group, attracted by Ohio’s ease of doing business, strong economy, and high concentration of vibrant small and medium-sized businesses, has initiated a groundbreaking partnership with JobsOhio to help those businesses grow.
The collaboration will provide ambitious Ohio companies with access to the exchange’s ELITE business training program, designed to support business leaders in their growth aspirations, promote global partnership opportunities and facilitate access to funding options.
Initiated in Italy in 2012 as a growth engine to stimulate the weakened economy and create jobs, the ELITE program quickly took off globally. Today, its network consists of more than 900 businesses spread across 34 sectors and 32 countries. Program graduates exhibit up to seven times the revenue growth and up to four times the job creation compared to their industry peer group.
The Ohio program marks the launch of ELITE USA, offering Ohio’s companies first access to ELITE’s best growth practices and global network of companies and advisors.
“Today’s collaboration with JobsOhio is a milestone for the state of Ohio and ELITE, representing the first state in the United States where we’ve launched the program,” ELITE CEO Luca Peyrano said.
With over 900,000 SMEs, Ohio has one of the largest concentrations of small and medium-size businesses in the United States. The sector’s vitality attracted ELITE, Peyrano added.
“We are delighted to collaborate with JobsOhio to support the state’s ambitious companies with access to international best practice and vital sources of growth capital, creating new jobs and ultimately driving economic prosperity,” Peyrano said. “There is an indisputable shift in momentum in Ohio’s economy.”
JobsOhio’s vision is for the first class of the ELITE USA program to focus on Southeast Ohio, to help bring best global growth practices to this high potential yet still largely untapped region. The collaboration will include Ohio University and the Appalachian Partnership for Economic Growth, or APEG, one of JobsOhio’s six regional partners. Further program support will be provided by accounting firm BDO, law firm Bricker and Eckler, Huntington Bank, law firm Kegler Brown Hill + Ritter, Ohio Valley Bank, and Peoples Bank.
John Minor, President of JobsOhio, and Mike Jacoby, APEG President, applauded the new partnership and the opportunities it will bring to Ohio businesses.
“We are proud to be a part of this unprecedented collaboration to create a spotlight on Ohio’s assets,” he said. “By working with ELITE, we aim to provide our mid-market companies with an opportunity to tap into the best global expertise to grow their businesses and create jobs.”
“The ELITE program offers a world-class platform for middle-market companies that want to achieve and sustain high growth through the advice of global business leaders,” Jacoby said. “APEG looks forward to being a part of this collaboration to help drive business growth and job creation in our region for years to come.”
The initiative was announced October 1 in Milan, Italy, during the first annual International ELITE Day. Peyrano, Thomas Tyler, Global Head of Sales, ELITE and Valentina Isakina, Managing Director Financial Institutions, JobsOhio participated in the announcement. New ELITA USA members Seth Stockmeister of Stockmeister Enterprises and Larry Kidd of Reliable Staffing Services were among the over 1,000 ELITE companies and global partners who attended.
ELITE USA is continuing to onboard companies in Southeast Ohio and plans to announce its inaugural cohort later this fall. Interested firms in Southeast Ohio should contact JobsOhio or APEG.