The third annual National Middle Market Summit, hosted by GE Capital, The Ohio State University Fisher College of Business and the National Center for the Middle Market, will convene more than 1,000 CEOs, academics, policy makers, and industry experts from across the country for a meaningful discussion on the opportunities and challenges facing the middle market today – and how to drive growth in this important economic engine.
This year’s keynote speakers include George W. Bush, 43rd President of the United States; Hank Paulson, chairman, The Paulson Institute and 74th United States Secretary of Treasury; and Kevin Plank, chairman and CEO, Under Armour. Previous headliners featured Warren Buffett, chairman and CEO, Berkshire Hathaway; Sammy Hagar, Hall of Fame rocker, middle market CEO and philanthropist; and Fred Smith, chairman and CEO, FedEx Corporation.
The U.S. middle market, made up of businesses with revenue between $10 million and $1 billion, contributes one-third of non-government U.S. GDP and accounts for 44.5 million jobs, or one-third of total U.S. employment. At the Summit, the National Center for the Middle Market will release its latest Middle Market Indicator, a quarterly survey of 1,000 C-suite executives. While mid-sized firms are leading the U.S. recovery by adding 1.2 million jobs over past 12 months, persistent challenges such as the cost of health care and uncertainty of government actions on business are impacting future growth projections. This year’s Summit will discuss these issues and offer middle market executives strategies and resources to help address them.
Incremental Growth Best Predictor For Middle Market SuccessNew research from the National Center for the Middle Market and The Build Network, a publication for leaders of mid-sized companies, highlights that incremental growth repeated over time—as opposed to short bursts of meteoric expansion—is the best predictor of a middle-market company’s future success.