OSU, GE Focus Resources on Middle Market Firms

Written by Innovate New Albany@InnovateNA13 years ago

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The Ohio State University Fisher College of Business has joined forces with GE Capital to develop the Middle Market Center to provide research, business resources and peer-to-peer networking for middle market firms that generate between $10 million and $1 billion in revenue annually. Not considered small businesses nor large enterprises, middle market firms have been surprisingly resilient throughout the economic crisis and provide the surest bet for economic recovery, according to the results of the largest study conducted on this business segment.

“As the U.S. struggles through the worst economic crisis in recent history, Middle Market firms are keeping local economies viable and represent the country’s strongest engine for growth and long-term success,” said Mike Neal, Chairman and CEO, GE Capital. “This segment needs support for continued growth and through our partnership with Fisher and by targeting $120 billion in Middle Market funding in 2011 in North America, GE Capital is committed to ensuring this critical market segment thrives.”

Key highlights from the research study include:

• Middle Market firms generate $3.84 trillion toward U.S. private sector GDP—the equivalent of the world’s fourth largest economy.
• Eighty percent of Middle Market firms expect to grow over the next twelve months.
• Middle Market firms employ more than one-third of all U.S. workers.

For a full report on the research findings as well as information on The National Middle Market Center, please visit their website.

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.