DGAP-News: Edward Lowe Foundation Receives $730,000 Grant From The NASDAQ OMX Educational Foundation for Research on Job Creation and Capital Access

(firmenpresse) - Edward Lowe Foundation

03.05.2011 14:30
---------------------------------------------------------------------------

Establishes the New Institute for Exceptional Growth Companies

CASSOPOLIS, Mich., 2011-05-03 14:30 CEST (GLOBE NEWSWIRE) --
The Edward Lowe Foundation today announced its new partnership with The NASDAQ
OMX Educational Foundation to establish a new research and education institute
focusing on job growth and capital access for developing companies in the
United States.

The institute, known as the Institute for Exceptional Growth Companies (IEGC),
will focus on the relationship between equity funding sources and fast-growing
companies. Particular attention will be paid to high-growth companies in the
second and third stage of business development, which include companies with
10-99 employees and 100-499 employees respectively.

Among key activities of the IEGC will be to:

-- Create new datasets and use existing data in innovative ways to track
exceptional growth companies (EGCs) and better understand their impact on
community and economic development. For example, the IEGC will leverage the
National Establishment Time Series (NETS), a longitudinal database that
tracks the performance of more than 41 million business establishments from
1990 to 2009.

-- Establish a concentrated research initiative to examine the performance of
EGCs through economic cycles and how they contribute to job creation and
economic prosperity. This initiative will be led by Doug Tatum, a
nationally recognized entrepreneur, author and advocate for high-growth
companies.

-- Develop new research and educational tools to help evaluate the important
roles that EGCs and equity markets play, such as a website that enables
visitors to see these economic contributions of EGCs at the local, state


and national levels.

'One of the primary functions of a public marketplace is to enable
entrepreneurs to raise both financial and human capital with a public listing,'
said Bob Greifeld, Chief Executive Officer of NASDAQ OMX. 'As a driver of our
global economy and a key asset to job growth here in the United States, NASDAQ
OMX continues to focus on the relationship between equity funding sources and
developing companies with research partners like the Edward Lowe Foundation.'

'NASDAQ's history of working with entrepreneurial companies and the resources
it brings to the table combined with our shared interests and expertise will
enable the new institute to have great impact on increasing literacy about
financial markets and entrepreneurship,' said Mark Lange, executive director at
the Edward Lowe Foundation.

'Although entrepreneurship is recognized as critical to our country's economic
recovery and growth, there are many misconceptions about entrepreneurs,
including how they should be categorized and served,' Lange continued. 'A
better understanding of EGCs' impact on job creation and economic growth ?
especially those that have received equity financing ? would provide valuable
insights on how regions can support these important companies.'

About the Edward Lowe Foundation:

Established in 1985, the Edward Lowe Foundation is a nonprofit organization
that supports entrepreneurship through research, recognition and educational
programs, whichare delivered nationally through entrepreneur support
organizations (ESOs). The foundation focuses on second-stage companies ? those
that have moved beyond the startup phase and seek significant, steady growth.

For more information about the foundation, visit www.edwardlowe.org or
http://www.facebook.com/EdwardLoweFoundation.

About The NASDAQ OMX Educational Foundation:

The mission of The NASDAQ OMX Educational Foundation is to promote learning
about capital formation, financial markets and entrepreneurship through
innovative educational programs. It was established in New York City in 1994
and is supported entirely by contributions from The NASDAQ OMX Group, Inc.

About NASDAQ OMX:

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is the world's largest exchange
company. It delivers trading, exchange technology and public company services
across six continents, with approximately 3,600 listed companies. NASDAQ OMX
offers multiple capital raising solutions to companies around the globe,
including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic,
NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading
across multiple asset classes including equities, derivatives, debt,
commodities, structured products and exchange-traded funds. NASDAQ OMX
technology supports the operations of over 70 exchanges, clearing organizations
and central securities depositories in more than 50 countries. NASDAQ OMX
Nordic and NASDAQ OMX Baltic are not legal entities but describe the common
offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland,
Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook
(http://www.facebook.com/nasdaqomx) and Twitter
(http://www.twitter.com/nasdaqomx).


CONTACT: Media Contacts:

Edward Lowe Foundation:

T.J. Becker
(269) 445-4294
tjbecker@lowe.org

NASDAQ OMX:

Frank DeMaria
+1 212 231 5183
Frank.DeMaria@NASDAQOMX.com

Robert Madden
+1 212 441 5045
Robert.Madden@NASDAQOMX.com
News Source: NASDAQ OMX



03.05.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Edward Lowe Foundation


US
Phone:
Fax:
E-mail:
Internet:
WKN:

End of Announcement DGAP News-Service

---------------------------------------------------------------------------Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
Datum: 03.05.2011 - 14:30 Uhr
Sprache: Deutsch
News-ID 397961
Anzahl Zeichen: 7199

Kontakt-Informationen:

Kategorie:

Wirtschaft (allg.)

Diese Pressemitteilung wurde bisher 349 mal aufgerufen.

Alle Meldungen von Edward Lowe Foundation