Members of Congress to promote key driver of economic growth and jobs – the U.S. middle market
APRIL 17, 2014 – COLUMBUS, OH – The National Center for the Middle Market (NCMM) praises Representatives Steve Stivers (R-OH-15), Jared Polis (D-CO-2), Tom Rice (R-SC-7) and Brad Schneider (D-IL-10) for forming the bipartisan Congressional Caucus for Middle Market Growth. Representing nearly 200,000 companies with annual revenues between $10 million and $1 billion, the middle market is an economic engine driving the U.S. recovery, contributing one-third of non-government GDP and one-third of private sector employment.
“We know from our years of research that middle market companies are the unsung heroes of the American economy,” said Tom Stewart, Executive Director for the NCMM, a collaboration between The Ohio State University Fisher College of Business and GE Capital. “The Caucus will serve as a critical platform for policy makers and elected officials to advance the dialogue surrounding job creation and economic growth.”
The Center will serve an important role in supporting the Caucus with data, insights and research on the middle market. To learn more about the Caucus, click here.
The NCMM is the nation’s leading research institution dedicated to helping middle market companies be more competitive through impactful research, thoughtful advocacy, and educational programs. On April 30, the NCMM will release its quarterly Middle Market Indicator (MMI), a survey of 1,000 middle market executives that examines revenue and employment growth and projections. According to new report, middle market executives expect to grow employment by a rate of 3.2 percent over the next 12 months, which is higher than ADP’s projections for small and large companies.
BACKGROUND – NCMM:
The National Center for the Middle Market (NCMM) was founded in 2011 in partnership with GE Capital and is located at The Ohio State University’s Fisher College of Business. The Center is the leading source of research on the U.S. middle market economy, which represent only three percent of American companies yet employs 44 million workers and generates $10 trillion in combined revenues annually. In 2013, mid-sized firms created 70 percent of all news jobs in the U.S.
To learn more about the NCMM or the MMI, visit www.middlemarketcenter.org or follow us on Twitter @MidMarketCenter.
CONTACTS:
Kate Bernard
Hamilton Place Strategies for the National Center for the Middle Market
kbernard@hamiltonps.com
(202) 822-1206
Jeff Caywood
GE Capital
jeff.caywood@ge.com
(513) 530-7028
Ann Hamilton
The Ohio State University Fisher College of Business
hamilton_847@fisher.osu.edu
(614) 292-8150