San Francisco, CA (PRWEB) July 14, 2014
With the mid term elections looming, job creation, over-regulation, and big government will again be election issues. Is the government doing too much or too little to support business? Are more tax benefits focused on large companies needed to drive job growth? Should tax benefits be taken away from corporations? What really drives the U.S. economy?
Look at the facts.
A recently published study has provided another piece of evidence that the middle market, and not large companies, is driving the growth of U.S. economy. According to the National Center for the Middle Market (NCMM), the U.S. middle market saw a 5% increase in revenue growth in the fourth quarter of 2013. This compares to the 1% revenue increase achieved by S&P companies last year.
According to this study, The first quarter of 2014 marked a resurgence in growth for the U.S. middle market. Middle market companies reported a year-over-year increase in revenue growth for the past 12 months and added workers to the payroll. Looking forward, middle market companies project revenue at a slower pace but expect employment to improve significantly.
This study is an important indicator that the mid-market continues to expand its role as a key engine of our countrys economic strength. The trend seems set to continue.
What is behind the growth of the middle market? Companies, especially big ones, that are looking to target the sectors and companies that can drive their next phase of growth need to understand what makes the middle market tick. But several other factors are in play: