Ohio Middle Market Executives Expect More Growth Than Peers in 2016
The Middle Market Indicator report shows executives in Ohio expect 9.1 percent revenue growth over the next 12 months, to hire more employees than their peers, and grow through capital investment.
During the first quarter of 2016, middle market growth remained stable and employment growth steady, reports the National Center for The Middle Market. The center's Middle Market Indicator report reveals Ohio executives' companies are making more money and hiring more employees than the rest of their peers.
The results show that Ohio business leaders are more confident than others about the state and national economy, and two-thirds expect their firms to invest in additional growth this year.
The survey of more than 1,000 executives from firms with $10 million to $1 billion in annual revenue reveals seven in 10 middle market firms report year-over-year increases in revenue with a mean total revenue growth rate of 6.3 percent for Q1 2016. This increase is up slightly since the end of 2015.
The State Middle Market Indicator infographic shows Ohio companies continue out-performing the national averages across the board. Middle market executives in Ohio expect revenues to increase by 9.1 percent. More than 60 percent of Ohio executives surveyed are preparing for growth through capital investment. READ MORE >