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Firm’s commitment to supporting economic and entrepreneurial growth expands with Startup Texas
DALLAS, Dec. 5, 2012 – Jones Lang LaSalle today announced it will expand its support of the Startup America Partnership, the national network of startup communities, through expanding its role as a real estate partner with Startup Texas.
The partnership, to be announced by Jones Lang LaSalle Executive Chairman Roger Staubach at Startup America’s Stakeholder Summit December 7 at Dallas Cowboys Stadium in Arlington, Texas, demonstrates the firm’s commitment to helping smaller, high-growth companies solve one of the main hurdles of entrepreneurship: short- and long-term real estate needs.
“An ongoing issue facing emerging startups is that they are – literally and figuratively – navigating how to strategically build their business with spaces designed by and for older, larger companies. Without the right physical office space to operate their business models, innovation is hindered, growth prevented and ultimate business survival risked,” said Paul Whitman, President of Jones Lang LaSalle’s Dallas-Fort Worth market. “As part of our commitment to Startup Texas, Jones Lang LaSalle is developing new innovative solutions that promote business growth and stimulate job growth and revenue.”
“Jones Lang LaSalle has been a fantastic partner of ours as they’ve connected directly with our Startup Regions across the country,” said Scott Case, CEO of the Startup America Partnership. “We’re grateful to have them host us in Dallas and are extremely excited to see them create innovative solutions in the real estate space to help startups grow.”
Jones Lang LaSalle tapped experts from multiple service platforms to develop differentiating resources, such as a unique strategic guide and website, that assist emerging businesses of all sizes by connecting them with tools to commercial real estate needs. This website allows startups to tap into Jones Lang LaSalle’s extensive real estate expertise and gain insights into locations and sizes of office space, timing of leases and strategies for cost efficiencies. Jones Lang LaSalle’s national and global coverage – particularly across key high-growth markets – can help entrepreneurs assess and determine how to meet the current space requirements of their businesses, as well as provide next steps for greater growth and success.
There is a void in the marketplace between young high-growth companies and excess inventory from owners and sub-landlords. Startup America has challenged us to fill that void with a new innovative solution to match up the supply and the demand. “We work with large corporations every day, and now we have a scalable solution to leverage our resources for smaller firms who need a better platform when looking for more affordable office space,” said Jones Lang LaSalle Senior Vice President Andy O’Brien. “Real Estate can be the second-largest cost for some corporations; we’re here to mitigate that risk.”
Startup America’s Stakeholder Summit will connect entrepreneurs with a statewide network of resources and showcase Texas as an ideal location for innovative companies. Eight Texas-based startups, identified as those with the highest growth potential, will have an opportunity to pitch their businesses to the Startup America Board as part of a VIP luncheon and “2 Minute Drill” pitch competition at Cowboys Stadium on Dec. 7 from noon to 2:00 p.m. Media attendees will have the chance of connecting with the confirmed attendees to date.
Led by Chairman Steve Case and CEO Scott Case, the Startup America Partnership has pulled together more than $1 billion from partnering organizations to support the growth of startups in five key areas, including expertise, services, talent, customers and capital. The organization, which has helped launch Startup Regions across the country, pulls together the private sector and local entrepreneurs, providing strategic guidance to startups and supplying them with the resources necessary to start and scale their organizations. About Startup AmericaThe Startup America Partnership is a growing national movement of thousands of founders, experts and resources providing startups access to the corporations, investors, and services they need to grow. Launched at the White House in early 2011, the Partnership brings together startups and local champions from around the country focused on creating successful networks for young, high-growth companies to thrive. AOL co-founder Steve Case chairs the Partnership and the Kauffman and Case Foundations are its founding partners. American Airlines, American Express OPEN, Dell Inc., Intuit Inc., Microsoft and NYSE Euronext are corporate sponsors. For more information on the Partnership, visit www.s.co and follow us at www.twitter.com/startupamerica and www.facebook.com/startupamerica. For more information on Startup Texas, please visit www.startuptexas.co and follow us www.twitter.com/startuptex.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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