Posted at 10:36 AM
Company Name: LJ Ross and Associates
Industry Sector: Financial – Credit Reporting and Collecting Services
Results of MBDA Assistance: $177 Million Contract & 60 Jobs Created and/or Retained
MBDA Support: Access to Contracts, Access to Capital, Access to Markets, & Strategic Business Consulting
LJ Ross and Associates is a credit reporting and collection services company that was founded by Alphonso Ross in 1992. The company came to the MBDA Business Center in Chicago looking for strategic business planning and assistance in gaining access to new contracts.
The senior development manager at the Chicago MBDA Business Center drew on his prior experience and his contacts in the energy industry to make introductions that were instrumental in LJ Ross’s successful bid to provide collection services for First Energy. The company won a three-year $177 million contract that represented a 60% increase in revenue. The contract created and retained 60 jobs and helped to further strengthen LJ Ross’s position in the industry.
The Chicago MBDA Business Center also assisted LJ Ross in identifying financial resources for future business expansion and continues to work closely with the company on other bids in the energy utility industry.