Tag: US economy

  • Edible Arrangements
  • National Center for the Middle Market
  • success
  • US economy

Middle market companies, defined as those with revenues of $10 million to $1 billion, are the backbone of the U.S. economy. They account for 70% of total private employment, and generate more than $9 trillion in combined revenues annually! Edible Arrangements® is one of approximately 200,000 companies in the US that comprise the middle market.

Each month, the National Center for the Middle Market features a middle market company that has achieved significant success in its industry or niche. These profiles help give a better understanding of the diverse opportunities available in the middle market while serving as textbook examples of the key characteristics that define success in this thriving segment.

I am proud that Edible Arrangements has been chosen as the Middle Market Company of the Month! Read more here!

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  • business
  • Edible Arrangements
  • Entrepreneurship
  • Fisher College of Business
  • GE Capital
  • Middle Market Summit
  • Ohio State
  • Tariq Farid
  • Tariq Farid CEO
  • US economy

This week GE Capital and Ohio State University’s Fisher College of Business are hosting the Middle Market Summit in Columbus, Ohio.

Tariq Farid CEOWhat 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.

If you are interested in learning more about the Middle Market and its impact on the economy, I encourage you to go here. To view the Middle Market 3rd Quarter Report for 2014, go here.

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