NAVIGATION

December 12, 2017

Press Release

Middle market companies account for more than half of national job growth

Middle market companies are fueling economic growth, according to new research from American Express and Dun & Bradstreet

| 6/2/2016

The latest "Middle Market Power Index" by American Express and Dun & Bradstreet found that while the total number of commercially active firms has declined since 2011, the number of middle market firms — and their revenues and employment — have doubled.

Middle Market Power Index

(Middle market firms are defined as those with between $10 million and $1 billion in revenues.)

Middle market firms now contribute $9.3 trillion to the U.S. economy and account for more than half (53%) of total national job growth. While these firms make up less than 1% of all U.S. businesses (0.96%), they contribute one in four dollars (26%) and employ one in four workers (27%) in the private sector.

Florida ranks 39 out of all 50 states and the District of Columbia for growth in number of middle market firms from 2011-2016.

  Number of Firms
Small ‹ $10M Middle Market $10M-$999M Large ($1B+) Total
Florida 1,942,398 9,381 120 1,951,899
Total U.S. 18,910,859 182,578 3.025 19,096,462

  Share of Firms
Small ‹ $10M Middle Market $10M-$999M Large ($1B+)
Florida 99.5% 0.48% .01%
Total U.S. 99.1% 0.96% 0.02%

% Chg in # Middle Market Firms, 2011-2016
Florida 73.7%
Total U.S. 86.8%

"Over the last five years, middle market companies have led the way in economic growth," said Brendan Walsh, Executive Vice President, U.S., American Express Global Commercial Payments. "This report highlights the often overlooked economic might of these companies, which contribute over $9.3 trillion to the U.S. economy and are growing faster than any other sector."

"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."

» See the full report here.

 

About Dun & Bradstreet

Dun & Bradstreet (NYSE: DNB) grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on our data, insights and analytics. For more about Dun & Bradstreet, visit DNB.com.

About American Express Global Commercial Payments

Through its Global Commercial Payments division, American Express offers a suite of payment and lending products that help businesses and organizations of all sizes gain financial savings, control and efficiency. Global Commercial Payments provides solutions for travel and everyday business spending, cross border payments, global currency solutions, and business financing. To learn more about Global Commercial Payments visit business.americanexpress.com.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, foursquare.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

'Yule' love it in Christmas, Florida, where seasonal spirit surrounds
'Yule' love it in Christmas, Florida, where seasonal spirit surrounds

It's more than just a census-designated spot in the road. It's Christmas, Florida, and here's a handy-dandy 12 Sites of Christmas list you'll want to be on. Or in.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Fallout from #MeToo: Should people in positions of authority err on the side of caution and stop taking solo meetings?

  • No, ridiculous thought
  • Maybe (judgment call)
  • Yes, always good idea

See Results

Ballot Box
Subscribe