The content is accurate at the time of publication and is subject to change.

News: Middle Market Companies Take the Lead in Growth - Credit-Land.com

While making up just 1% of all commercially active firms in the U.S., middle market companies are taking the lead when it comes to growth, according to the New Middle Market Power Index from American Express and Dun & Bradstreet. These companies employ just about 53 million workers-double the amount reported in 2011--and give the economy a $9.3 trillion boost.

These numbers show the supersized contribution middle market companies continue to make to the economy. "Middle market firms continue to have an outsized influence on the U.S. economy," said Jeff Stibel, Vice Chairman of Dun & Bradstreet. "These firms have led the charge hiring Americans and now employ nearly 53 million people. The middle market plays a pivotal role in our rapidly changing economy."

Upswing in middle market firms

The study showed that while the number of all commercial firms went down between 2011 and 2016, the number of middle market firms just about doubled – signaling an upswing of 87%.

These firms generated a just over one in every four dollars (26%) of revenue, while employing 27% of workers in the private sector. Over the past five years they have outpaced not only smaller businesses but larger businesses as well when it comes to both revenue and employment.

Location, location, location

Where are middle market companies headquartered? They are literally everywhere, but some states have more than others - Illinois (1.5%), Wisconsin (1.5%), Michigan (1.3%), New Jersey (1.3%), Indiana (1.2%), Kansas (1.2%), Massachusetts (1.2%), North Dakota (1.2%), New York (1.2%) and Ohio (1.2%). But Washington D.C (2.1%) also has more middle market firms, along with Puerto Rico (5.8%), and the U.S. Virgin Islands (3.6%).

Overall there was an 87% upswing in middle market firms across the U.S., but four states managed to double the number of middle market firms: Ohio (+106%), Texas (+106%), Michigan (+103%) and Indiana (+102%).

The New Middle Market Power Index was developed using Dun & Bradstreet's branded database of firms in the U.S. With middle market companies being defined as being those bringing in revenues in the $10 million and $1 billion range. They focused on looking at trends over the past five years.

amex_news

tags : American Express

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.