These companies are a mix of newer “grownup startups” and older multi-generational family-owned businesses and exist in most industries and geographies. They tend to live in niches — industrial or geographical — and are not usually household names. Most American midsize companies focus predominantly on the domestic U.S. market which is still the single largest market in the world – most of them do not export.
This PowerPoint deck gives a reader a quick overview of the salient points of the midmarket – companies that are large enough to be viable but not behemoths. Take a drive and let us know what you think……..
At a time when we are searching desperately for companies with growth potential and viewing exports as a way out of the current downturn, these companies could very well be the answer everybody is searching for. In fact, if midmarket companies could expand revenues domestically and increase their exports, we would not only add jobs but also reduce the trade deficit. Given the significance of their revenues and employment contribution to the economy, a 10% increase in revenues and employment in the midmarket would greatly impact the GDP and job picture. And, helping them to export will reduce the trade deficit from a staggering $495.7 billion in 2010.
Midmarket companies may be unglamorous, with neither the buzz of start-ups nor the stature and heft of the big corporations. These companies may find it hard to get the attention of the business media, politicians, the government and the public-at-large. However, not paying attention to the midmarket is devastating to our economy.
Midsize companies are the engines of EVERY economy.