In 2016, middle market executives present an optimistic view of their current business ― and anticipate it continuing to grow in the near future. Over the next 12 months, about 80% foresee expansion and diversification including: new markets, new regions, new businesses, and new products. Their perspective on financing is also generally positive and is predominantly driven by a need to address domestic expansion, technology, and working capital. The majority feel that their workforce has heavy demands placed on their time right now, but most believe that the size of their staff will increase soon, perhaps alleviating the current pressure. But, everything is not altogether smooth for the middle market. Most express near-term apprehension about the economy, data security, taxes, and healthcare. They do not express one unified vision of Congress, but the majority are in relative agreement that certain changes in the regulatory environment have been or will be good ― or at least neutral ― with respect to their business. That said, according to executives, it is important that the next Congress address terrorism, as well as concerns about data security, taxes, and healthcare.
Watch the video for more findings from the Voice of the Middle Market and download the complete research report below.
Middle market companies account for one-third of private sector GDP and employ 25% of the total labor force.
While less visible than both small and large caps and vastly undersupported, middle-market companies are a signi