Ohio-UK Business Ties - State of Ohio
On Tuesday 29 October, the London Stock Exchange welcomed the state of Ohio in the United States, as well as the state’s non-profit economic development corporation, JobsOhio, to celebrate strengthening business ties between Ohio and the United Kingdom.
The opening comes as 10 organizations in Ohio became the first class in the US to graduate from the London Stock Exchange Group’s (LSEG) ELITE business training program aimed at ambitious small and medium-sized enterprises. JobsOhio partnered with ELITE to enable the funding for this first group of US-based business and community leaders, supporting their growth aspirations, promoting global partnerships and facilitating access to international capital.
LSEG also announced on Monday 28 October that it will locate its North American Headquarters in Cleveland, Ohio, to further expand its offerings globally.
LSEG chose Ohio for its inaugural US class, as well as its ELITE North America Headquarters, due to the state’s business and global-friendly environment, and because it has one of the largest concentrations of small and medium-sized businesses in the US, with more than 900,000 organizations calling Ohio home.
JobsOhio is a private non-profit corporation designed to lead Ohio’s economic development efforts by focusing on job growth and capital investment, with an emphasis on nine strategic industry sectors in areas of statewide and regional strength.
Commenting on the partnership, JobsOhio President and Chief Investment Officer J.P. Nauseef said:
“The collaboration between the LSEG’s ELITE and JobsOhio provided an extraordinary opportunity for these 10 Ohio organizations to access proven best practices in global business and to apply them in their communities. The United Kingdom, JobsOhio and Ohio have a long-standing investment relationship, with nearly 600 UK-owned establishments in the state employing 37,000 Ohioans. And with the opening of ELITE North America Headquarters, we’re excited to expand this rewarding partnership.”