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Where are the new jobs? At middle-market companies.

U.S. middle market companies—businesses with annual revenues between $10 million and $100 million—have maintained the significant increase in hiring reported in the first quarter of 2014.

During the second quarter, more than 40 percent of middle-market companies added jobs compared to one year ago, according to the National Center for the Middle Market’s 2Q2014 Middle Market Indicator report.

Employment growth for mid-market businesses over the past 12 months was 3.2 percent or an estimated additional 750,000 jobs so far in 2014.

Projections show continued job growth

Looking forward, almost half (47 percent) of middle market firms expect to add workers over the next 12 months. If they deliver on projected job growth of 3.3 percent, the sector will create 59 percent of all new U.S. jobs in 2014.

Leaders in the core middle market (annual revenue between $50 million and $100 million) are showing more caution in hiring prospects for the coming year than both their larger and smaller counterparts.

Click to read more in the 2Q2014 MMI.

Middle-market insights:
How to build brand loyalty through social media

Thanks to social media, middle-market companies have a better opportunity to compete with much larger competitors.

Rob Carey, a National Center for the Middle Market contributor and features writer, says a smart, steady social media presence that adapts to what customers and prospects are saying can help a middle-market business can raise its visibility and become a go-to player in its industry.

He cautions middle market businesses not to imitate their larger competitors that can counter with social media rewards programs offering coupons and other types of discounts to draw people into their social media environment.

Click here to learn why middle-market companies need a different social media strategy.

Save the Date! Middle-Market Fall Forum
Fast Forward: Accelerating Downtown Progress for the 2016 RNC

Please mark your calendar and plan to join us on Friday, September 19 for a special middle-market program offering an insider perspective of the rapid changes downtown Cleveland will experience as we prepare to host the 2016 Republican National Convention.

The program will be held from 7:30 a.m. to 9:30 a.m. at the Greater Cleveland Partnership offices, 1240 Huron Road East in PlayhouseSquare.

Speakers will include Terrance Egger, executive chairman, Cleveland 2016 RNC Host Committee, and GCP President and CEO Joe Roman.

Registration information will be available soon.

Sponsored by:

There's still time to register for Northeast Ohio’s premier diversity conference

There’s still time to register for the Commission on Economic Inclusion’s sixth annual Diversity Professionals Conference on Wednesday August 6 from 7:30 a.m. to 4:30 p.m. at Corporate College East.

Here are six reasons why you should attend:
  • An all-star speaker line-up including executives from companies that have received national diversity honors and facilitators from The Kaleidoscope Group, a leading full-service, diversity and inclusion consulting firm.
  • Interactive and dynamic presentations on recruitment best practices and effective employee communication and engagement strategies.
  • Tangible takeaways on skills and competencies to impact organizational diversity and inclusion initiatives for all levels.
  • Special sessions for senior-level diversity officers and representatives from companies/organizations with advanced diversity and inclusion programs.
  • Diversity and HR attendees can apply for PHR, SPHR and GPHR recertification credit.
  • Networking opportunities with more than 150 of the region’s diversity and HR practitioners.

Click to register.

Our speakers include...

Left to right:
  • Julie M. Hansen, diversity and inclusion leader, AbbVie, 2014 DiversityInc Top 50 (keynote)
  • Doug Harris, CEO, The Kaleidoscope Group (facilitator)
  • Tammy Nunn Haynie, diversity and inclusion program manager, BASF, 2014 DiversityInc Top 50
  • Rahman Khan, director, diversity and Inclusion, Time Warner Cable, 2014 DiversityInc Top 50 and Commission Hall of Fame.

Conference partners

MBDA Cleveland meets with members of Ohio congressional delegation

The Minority Business Development Agency (MBDA) Business Center Cleveland staff was in Washington D.C. last week for a conference and meetings with members of Ohio’s congressional delegation.

Coordinated by the Greater Cleveland Partnership’s Advocacy department, the Cleveland contingent met personally with Senators Sherrod Brown (D-OH) and Rob Portman (R-OH), Members of Congress, including Dave Joyce (R-OH-14), Bob Latta (R-OH-5), Joyce Beatty (D-OH-3), Bill Johnson (R-OH-6), Marcy Kaptur (D-OH-9), Tim Ryan (D-OH-13), and with staff from the office of Congresswoman Marcia Fudge (D-OH-9).

(In photo: Luis Cartagena, MBDA Cleveland business advisor; Raland Hatchett, MBDA Cleveland executive director; Congressman Bill Johnson; and Terry Bolden, MBDA Cleveland office business advisor.) 

The discussions focused on the Center’s three-year track record of success, federal programs that support the mission of the Center, securing member support for continued funding, and suggestions for other funding opportunities. Additionally, members were reminded that the Center is in its fourth-year of a five-year funding grant that will require re-authorization and funding in FY ’16.

Members were highly engaged in the discussions resulting in commitments to support the Center’s statewide mission, make introductions to community groups within their districts, and, in some cases, host a joint event with the Center in the district.

The Commission on Economic Inclusion, a program of the Greater Cleveland Partnership (GCP), provides services to minority-owned businesses through the MBDA Business Center-Cleveland.

The MBDA's Cleveland office is funded by the U.S. Department of Commerce with additional support from the GCP and our small business partner, COSE, the Council of Smaller Enterprises.