APPROACH
EMG takes a unique approach to investing in and managing the companies it acquires. Entrepreneurs are assisted not only financially, but also with management recruitment, contacts, and facilities to ensure innovative ideas reach their potential. The EMG companies receive detailed attention and guidance from professionals that keep an active interest as each business plan is created and implemented with long-term interest.
One of the most unique characteristics of EMG is the "buy to hold" mentality; in other words, investment strategies do not include exit strategies.
The staff consists of professionals with experience in virtually every aspect of business, which enables our team to close the gaps in areas that a company lacks. Using EMG's extensive worldwide network, companies create valuable relationships with those who can help improve any segment of their business.
Investment Stages: Concept, Growth or Expansion
EMG invests in very early development, at the proof of concept stage where a business idea may be in its' early stages. EMG goes beyond simply financing, such as supporting product development, prototyping, testing, and the protection of intellectual property to ensure that the concept becomes a successful reality.
EMG also considers later stage projects where a product or service is ready for or has already entered the marketplace, but requires additional capital to further develop its' potential. Here, businesses are not only assisted by EMG, but are able to take advantage of the labor, manufacturing, transportation and other resources available in the Erie region.
Investment Requirements
Long-term Potential:
EMG is not an investment fund with a finite life; we do not build businesses with the intention of winding up, selling, breaking apart or otherwise exiting from the work that is undertaken. EMG invests for the long term.
Company Ownership:
Erie Management Group is a direct, equity investor. EMG seeks a majority ownership position and with this, develops significant equity participation to the entrepreneurs, inventors, managers and others whose intellect, expertise, and energy are relied upon to make each investment a success.
Investment Industries:
EMG invests in numerous industries. We focus on businesses that have the potential to significantly change the markets in which they participate.
Submitting a business plan
EMG welcomes business plans from innovative companies. To be considered as a potential company of EMG, please answer the following questions in a clearly articulated, professional format.
- Which development stage of the business are you currently pursuing and are there any significant achievements or development milestones that you have met?
- What is the primary product and/or service?
- What is your perceived target market for these products and/or services?
- Describe your management team and the relevance of their backgrounds to the business.
- What is your sales and marketing strategy?
- What is your financial history (where applicable) and projected financial statements?
- What is the amount of capital and current capital structure of which you are requesting?
Regional Resources
Erie Pennsylvania's key location at the junction of I-90 and I-79 allows for easy ground travel to Buffalo, Cleveland and Pittsburgh. Erie is also home to Tom Ridge International Airport with daily arrivals and departures of commercial and non-commercial flights. EMG companies can also take advantage of transporting goods by way of Lake Erie to any place along the Great Lakes or around the globe.
EMG's SB3 site offers acreage of space, including an office building overlooking Lake Erie and manufacturing facilities that can be custom designed to fit the specific needs of our companies. This site is available for new construction as well.
High Performance Work Team
Today's competitive business environment demands increased productivity, better quality, shortened response time, and lower costs. Erie Management Group, LLC is meeting these demands by replacing hierarchial boss/subordinate relationships with empowered high performance work teams.
In EMG's team environment, people are not managed, controlled or supervised. EMG's teams are led by their mutual vision of the organizations purpose and goals. EMG's teams out-perform individuals, especially when performance requires multiple skills, judgments, and experience. Our teams work across organizational boundaries, breakdown internal barriers, and deal with people and issues directly.