The NCMM defines the middle market as companies with annual revenues between $10 million and $1 billion. According to the NCMM, the U.S. middle market includes nearly 200,000 companies, employs about a third of U.S. private-sector jobs, and generates more than $10 trillion annually in combined revenue. It doesn’t matter where your business is located or what industry you are in, as a business in the middle market, you are helping drive U.S. growth and competitiveness.
What does this mean for Ohio? The NCMM’s 2Q 2017 Ohio Middle Market Indictor reports that Ohio’s middle market represents 0.9% of all Ohio companies but employs 28% of the state’s workforce. Ohio companies are more confident in global and local economies than the national average. That’s because Ohio’s middle market revenue growth is expected to grow from 5.2% over the past year to 11.8% over the next year, 6.5% more than the national average.
Middle market companies in the state are as diverse as the people they employ. Nearly 10% of Ohio’s middle market is comprised of health care, 23% are manufacturers, 6.8% in construction, and almost 11% in retail trade.
No matter the size of your organization, you can’t miss this opportunity to learn about the challenges and solutions to finding the workforce you need to grow while networking directly with the superintendents of the schools where your talent pipeline starts.
Morning Access: Education & Workforce Development will be held on Friday, October 13, 2017 from 7:30 a.m. to 9:00 a.m. at the Radisson Hotel at The University of Toledo located at 3100 Glendale Avenue.
Jocelyn Liberatore is the administrative assistant for the Advocacy & Public Policy Department. Jocelyn began her career at the Chamber in 2016 after studying politics at Bethany College, paralegal studies at the University of Toledo, and got her start in marketing and campaign management.