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The Roadshow For Growth Bus (Photo: Business Wire)

Stocks in this article: GE

GE Capital and Slate’s Roadshow for Growth rolls into Charlotte today as part of a six-month, 20-city tour that will address the challenges and opportunities facing middle market businesses, a sector that generates $9 trillion in annual revenue in the U.S. and accounts for nearly 34% of total U.S. employment. According to new research released today by the National Center for the Middle Market (NCMM), mid-sized companies in the Charlotte area comprise only 1% of total businesses, yet generate 16% of total revenue and account for 20% of Charlotte’s employment.*

Traveling in a branded bus, GE Capital and Slate's Roadshow for Growth started in Kansas City in May and has traveled to cities like St. Louis, Chicago, Detroit and Cleveland. While in Charlotte, the 10th stop on the tour, the NCMM will release new data that shows the importance of the middle market to Charlotte, including:

  • Consists of approximately 1,200 companies that generated roughly $64.5B in revenue in 2012
  • Grew revenue by 8.7% in 2012 and expects revenue to continue to grow at a rate of 7.8%
  • Employment grew by 4.6% in 2012 and is projected to continue to grow at a rate of 4.4%
  • Employs roughly 465,000
  • Services segment is the largest source of revenue and jobs, at approximately $28.8B and roughly 181,000, respectively

“When middle market companies do well, the economy does well,” said Mike Pilot, chief commercial officer of GE Capital. “As the leading lender to the middle market and sponsor to a number of programs to help this critical segment of the U.S. economy grow, we think helping convene a dialogue around the needs of our customers is critical to driving economic growth and creating jobs. From the National Center for the Middle Market to the Roadshow for Growth, our goal is to help policymakers and job creators alike understand that the middle market is the market that drives America.”

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