This week GE Capital and Ohio State University’s Fisher College of Business are hosting the Middle Market Summit in Columbus, Ohio.
What is the Middle Market? I consider the Middle Market the backbone of the US economy. It includes businesses such as Edible Arrangements with revenues between $10 million and $1 billion, and it accounts for almost a third of American jobs. In fact, the Middle Market is estimated to have contributed over 1 million jobs to US economy during 2013 and 2014 alone!
Four years ago GE Capital and Ohio State University’s Fisher College of Business created the Summit as a way to bring attention to Middle Market companies, which are often overlooked in comparison to larger, public companies. Despite the fact that they are often overlooked, it can be argued that these companies represent the most dynamic segment of our economy. In the third quarter of 2014, for example, Middle Market revenues increased by 7.5 percent! For the same time period, revenues of S&P 500 companies increased by a smaller 5.5 percent.
About 200,000 US businesses make up the middle market sector and I am proud that Edible Arrangements is among them and playing a part in driving the economy forward.