Contact: Jessica Oster ...
Key highlights from the research study:The Middle Market is the largest source of sustainable economic growth and jobcreat...
###About the Study:Fisher College of Business at The Ohio State University (Fisher) and GE Capital havepartnered on a foun...
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National Middle Market Center Press Release

Published on: Mar 3, 2016
Published in: Business      Economy & Finance      

Transcripts - National Middle Market Center Press Release

  • 1. Contact: Jessica Oster 203-840-6574 Ann Hamilton 614-292-7718 Groundbreaking Study Shows the Strength, Resiliency and Viability of the Middle Market and Further Defines this Critical Market SegmentMiddle Market Emerges as the Cornerstone of U.S. Economy and Largest Driver of Sustainable Job Growth Research Unveiled as Part of Fisher College of Business/GE Capital’s Broader Commitment to SegmentNorwalk, Conn., and Columbus, Ohio, October 6, 2011 – (NYSE: GE) – Results fromthe largest study ever of the U.S. Middle Market show this business segment is thenation’s surest bet for economic recovery. The study, a survey of more than 2,000business leaders and analysis of economic data conducted by The Ohio StateUniversity Fisher College of Business (Fisher) and GE Capital, found Middle Marketfirms, defined as the segment between small and big business, surprisingly resilientthroughout the economic crisis.The study is part of Fisher’s and GE Capital’s new multi-year partnership to research,analyze and map the Middle Market and create a blueprint for sustained segmentgrowth in the years ahead. Included in this partnership is the establishment of thenew National Middle Market Center (The Center) at Fisher, the first of its kind whichwill serve as a center of excellence for Middle Market research, business resourcesand peer-to-peer networking.“As the U.S. struggles through the worst economic crisis in recent history, MiddleMarket firms are keeping local economies viable and represent the country’sstrongest engine for growth and long-term success,” said Mike Neal, Chairman andCEO, GE Capital. “This segment needs support for continued growth and through ourpartnership with Fisher and by targeting $120 billion in Middle Market funding in 2011in North America, GE Capital is committed to ensuring this critical market segmentthrives.” Leading From the Middle
  • 2. Key highlights from the research study:The Middle Market is the largest source of sustainable economic growth and jobcreation today. • Middle Market firms generate $3.84 trillion toward U.S. private sector GDP – the equivalent of the world’s fourth largest economy – in a time of nearly standstill growth. • Eighty percent of Middle Market firms expect to grow over the next twelve months. • More than one-third of U.S. workers are employed by the Middle Market.And in the face of uncertain economic times, Middle Market firms survived—and inmany cases thrived. • Eighty two percent of Middle Market firms survived the recession— compared to a little more than half of small business. • These same Middle Market firms added 2.2 million jobs, while big business shed 3.7 million jobs 2007-2010. • One in four big businesses was a Middle Market company just five years ago.The Middle Market’s diversity makes it more resilient against market changes andeconomic downturns. • Unlike big or small businesses, Middle Market companies are not concentrated in one geographic region, one industry, or one ownership structure.Despite their success, Middle Market firms do face a unique set of challengingheadwinds. • More than half (55 percent) of Middle Market firms say they face challenges when it comes to accessing money from the capital markets. • Seventy one percent are challenged by regulatory compliance.“Our intent was to shed light on the true impact of the Middle Market, what hashelped these firms thrive in the past, and what challenges must be overcome toensure their continued growth in the future. The National Middle Market Center willleverage these insights and findings and provide a channel to help Middle Marketfirms reach their full growth potential,” said Christine A. Poon, Dean and John W.Berry, Sr. Chair in Business at Fisher College of Business.Study results and GE Capital’s long-term commitment to the Middle Market wereannounced at the Leading from the Middle conference, a summit for Middle Marketdecision makers held today at The Ohio State University.For a full report on the research findings as well as information on The Center, please visit Leading From the Middle
  • 3. ###About the Study:Fisher College of Business at The Ohio State University (Fisher) and GE Capital havepartnered on a foundational, multi-source research initiative on the U.S. MiddleMarket. They polled more than 2,000 business leaders across the United States ontheir business, their capabilities and performance, their needs to drive moregrowth and their overall economic outlook. This comprehensive insight-drivenresearch uses a compilation of highly reputable data sources, including the Bureauof Economic Analysis, the U.S. Census, The CIA World Factbook, Compustat andDun & Bradstreet, as well as comprehensive primary research led by Fisher inpartnership with GE Capital.About GE Capital:GE Capital offers consumers and businesses around the globe an array of financialproducts and services. For more information, visit or followcompany news via Twitter (@GECapital).GE (NYSE: GE) is an advanced technology, services and finance company taking onthe world’s toughest challenges. Dedicated to innovation in energy, health,transportation and infrastructure, GE operates in more than 100 countries andemploys about 300,000 people worldwide. For more information, visit the companysWeb site at The Ohio State University Fisher College of Business (Fisher):Ranked by U.S. News and World Report among the top business schools in thecountry, The Ohio State University Fisher College of Business offers full-time, part-time and executive MBA, Master of Accounting, Master of Labor and HumanResources, Master of Business Logistics Engineering and Master of BusinessOperational Excellence programs. The College of Business was started in 1916, andwas named the Fisher College of Business in 1993, in honor of Max M. Fisher, a notedphilanthropist, industrialist and alumnus of the college. Leading From the Middle

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