Middle Market Firms and Cities Working Together - Other News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Middle Market Firms and Cities Working Together

Middle Market Firms and Cities Working Together

Middle Market Firms and Cities Working Together

There is a very real economic give and take between Middle Market firms and cities, according to a new index released by American Express, finding that while metropolitan areas offer these companies both infrastructure and access to employees, they provide cities looking to keep or build their economy with a much needed economic foundation.

The Middle Market Power Index: Best U.S. Metropolitan Areas for Middle Market Firms was launched in 2015 by American Express and Dun & Bradstreet. The index takes a close look at why some cities and the surrounding areas are more alluring to middle-market firms than others, while also exploring their impact on the cities where they are located.

“We hypothesized that there is an important relationship between middle-market firms and the metro areas in which they operate, but the findings from this report really show how close and interdependent that relationship is,” said Brendan Walsh, Executive Vice President, American Express Global Commercial Payments.

“When metro areas have a strong middle market presence and those firms are highly productive, they are able to rebuild faster, stay more competitive, and provide for a dynamic local economy,” he said.

New York has the Most Middle-Market Firms

Some cities were more popular with middle-market firms than others in the study. New York City was found to have the most middle-market companies, and that they are an integral factor in its economic clout.

New York is home to 7,925 of the approximately 180,000 middle-market companies in the US. Companies in the area also hire a bigger share of employees than similar firms in other metro areas.
Yet, when it came to productivity, New York did not fare as well, coming in with a rank of 16. Cities, like Houston and Los Angeles, outperformed the Big Apple in this area.

The Most Productive Cities

Middle-market firms in the greater Houston area did very well when it came to the productivity, with firms in the area generating $215,107 (avg.), the biggest share of revenue per employee. This amount is nearly $40,000 more than the U.S. average ($176,000). It is also just about $100,000 more than the revenue per employee generated in the Orlando-Kissimmee-Sanford area ($119,701), which received the lowest productivity ranking in the index.

The top five cities when it came to revenue per employee are:

  • Houston-The Woodlands-Sugar Land, TX ($215,107 avg. revenue per employee)
  • Los Angeles-Long Beach-Anaheim, CA ($203,734 avg. revenue per employee)
  • Miami-Fort Lauderdale-West Palm Beach, FL ($198,902 avg. revenue per employee)
  • Riverside-San Bernadino-Ontario, CA ($197,312 avg. revenue per employee)
  • Philadelphia-Camden-Wilmington, PA, NJ, DE ($187,616 avg. revenue per employee)

On the other hand the five cities at the bottom of the productivity ranking are:

  • Orlando-Kissimmee-Sanford, FL ($119,701 avg. revenue per employee)
  • San Antonio-New Braunfels, TX ($122,912 avg. revenue per employee)
  • Detroit-Warren-Dearborn, MI ($137,454 avg. revenue per employee)
  • Tampa-St. Petersburg-Clearwater, FL ($150,190 avg. revenue per employee)
  • Baltimore-Columbia-Townson, MD ($150,787 avg. revenue per employee)

The data for this index was obtained by examining all of the U.S. firms that are in Dun & Bradstreet’s (D&B) commercial files between March 2011 and March 2017. They specifically review data from companies making between $10 million and $1 billion in revenues.


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.
Add to Favorites:

Related News:

More Women-Owned Businesses than Ever Before
More Women-Owned Businesses than Ever Before

Posted: November 29, 2017

Women-owned businesses have grown by leaps and bounds, according to a new American Express OPEN study, finding that the number of business run by women has more than doubled in the past two decades – growing at a rate that is two and half... Continue reading
No Signature Required with American Express
No Signature Required with American Express

Posted: December 18, 2017

Checking out with your American Express card will be easier in 2018 because you will no longer have to sign for your purchase. This new initiative is slated to start in April of 2018 and will be applicable to all purchases made with an... Continue reading
Up to Quadruple Points with the New PenFed Pathfinder American Express Credit Card
Up to Quadruple Points with the New PenFed Pathfinder American Express Credit Card

Posted: January 22, 2018

The PenFed Pathfinder American Express Card is now available, offering up to quadruple points on travel and 1.5 points on all other purchases. With this new card, there is no annual fee and no limit on how many points' people can earn. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit