Ed Lowe Foundation rings closing bellPublished 9:53am Friday, October 7, 2011
To celebrate its new Institute for Exceptional Growth Companies (IEGC), the Edward Lowe Foundation of Cassopolis rang the NASDAQ Stock Market Closing Bell Sept. 27. The ceremony took place at the NASDAQ MarketSite Studio in New York at 3:45 p.m.
The foundation created IEGC earlier this year through a three-year grant from the NASDAQ OMX Educational Foundation. The institute is developing new data tools to better understand high-growth companies, their impact on job creation and their relationship with equity funding sources.
“We’re delighted to participate in the closing bell ceremony and excited about our partnership with the NASDAQ OMX Educational Foundation,” said Darlene Lowe, chairman of the Edward Lowe Foundation. “We expect IEGC to significantly increase understanding of our free-market system and the important role that public stock exchanges and high-growth companies play.”
IEGC’s new data tools will not only be used for public education, but also to advance academic research. “The institute is establishing a research program,” explains Gregg Cole, information technology research manager at the Edward Lowe Foundation. “The data resources that we’re creating will enable researchers to study actual dynamics of business activity, identify the unique characteristics of high-growth firms and their relationship to equity financing and glean important new insights about job creation.”
In addition to Lowe and Cole, other Edward Lowe Foundation representatives at the bell-ringing ceremony included: Mark Lange, executive director; Don Bauters, director of finance; and family members Baily Wyant, Shawn Wyant and Kevin Thompson.
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