Middle-market untapped driver of job growth

In a panel at the GE What Works Summit on American Competitiveness, policy and business leaders recognized that the 200,000 middle-market companies in the U.S. have untapped potential to create jobs and grow the economy.

The panel was based on a study about the U.S. middle market, which was conducted by the Ohio State Fisher College of Business and GE Capital. Middle-market companies are defined as those with revenues between $10 million and $1 billion that provide approximately 41 million jobs. They also account for 34 percent of total private employment and create more than $9 trillion in combined annual revenues, which makes them critical to America’s competitiveness and future.