The U.S. middle market closed 2016 on a high note and has carried that momentum into 2017, with all indicators pointing to an increasingly robust performance.
Actual and projected revenue and employment growth rates continue to rise significantly, and economic confidence is keeping pace, according to the National Center for the Middle Market's 1Q 2017 Middle-Market Indicator (MMI) survey.
Meanwhile, Ohio’s middle-market companies are expecting their revenue to grow over the next 12 months at a higher level than their counterparts across the U.S. (9.5 percent compared to 8.8 percent).
Ohio middle-market executives who participated in the survey also are more confident in their local economies when compared to their peers nationwide with 89 percent expressing confidence compared to 88 percent nationally.
The National Center for the Middle Market, a partnership of The Ohio State University Fisher College of Business, SunTrust Banks, Inc., Grant Thornton LLP and Cisco Systems, is a strategic partner of the Greater Cleveland Partnership’s Accelerating Middle-Market Progress (AMMP) initiative.