Tuesday, June 24, 2008

Middle-market firms pack punch, study shows

June 23 - Indianapolis Business Journal - Mid-sized companies are a lot like middle children in a family, a new Indiana Chamber of Commerce study has found. They tend to achieve a lot, but don't get the attention they deserve.

The businesses amount to only 3 percent of all businesses in the state, yet generate 30 percent of the jobs and more than 40 percent of the sales, the study found. Indiana has 3,789 companies fitting the mid-size description of $5 million to $100 million in annual sales.

The Chamber believes it can boost their prospects by spotlighting the enormous role they quietly play in the state's economy.

"We wanted to determine what we could do to focus light on these companies," said Chamber Senior Vice President Mark Lawrance. Read More.

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